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#1117236 - 01/26/09 06:34 PM Charging for FDIC insurance coverage?
opsgal2 Offline
Member
Joined: Jul 2005
Posts: 82
With the increase in our assessment for FDIC insurance, our senior management is looking at assessing a fee to our commercial customers for FDIC coverage. I know this used to be a more common practice, but haven't heard of it for quite a while (at least in our market). Does anyone out there currently charge? If so, do you base the fee on average balance? And what's the going rate?

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#1117249 - 01/26/09 06:45 PM Re: Charging for FDIC insurance coverage? opsgal2
YosemiteSamIAm Offline
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Joined: Jan 2004
Posts: 2,795
Guess
What are they (senior management) going to do when their commercial accounts start banking elsewhere...?
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#1117252 - 01/26/09 06:46 PM Re: Charging for FDIC insurance coverage? YosemiteSamIAm
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I've seen it factored into the account analysis for commercial DDAs at several banks.
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#1117320 - 01/26/09 07:45 PM Re: Charging for FDIC insurance coverage? YosemiteSamIAm
opsgal2 Offline
Member
Joined: Jul 2005
Posts: 82
Originally Posted By: Coloradomountainman
What are they (senior management) going to do when their commercial accounts start banking elsewhere...?


Our overall service charge structure is competitive and we're not looking to gouge anyone. It's not like we're charging them to talk to a teller. laugh

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