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#1058526 - 10/05/08 10:04 PM FDIC Increase
nbk2yj2 Offline
Platinum Poster
Joined: Aug 2006
Posts: 629
I can hear the average american worker now (that includes me) How is this suppose to help us? I wish i had enough money where the new coverage made a difference for me! My money will always be covered

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General Discussion
#1058590 - 10/06/08 01:05 PM Re: FDIC Increase nbk2yj2
Complywithregs Offline
Joined: Apr 2006
Posts: 76
Kansas City, MO
Ok, so we are changing our Disclosures. How are any of you changing your FDIC Signs that sit in your Bank Lobby at the Teller Windows and also the ATM machines etc.??

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#1058594 - 10/06/08 01:10 PM Re: FDIC Increase Complywithregs
elcinoca Offline
Platinum Poster
Joined: Jan 2002
Posts: 537
Elizabeth City, NC
FDIC offers the following on their website:

"On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009."

In the near future, FDIC will provide insured institutions with information regarding any changes to the official FDIC sign (teller station signs) and instructions for ordering new official FDIC signs (if changes are made). In the meantime, insured institutions may post the above statement, or affix a sticker with the above statement, next to the official FDIC sign.

It says "may post the above statement" so it appears optional, at least for now.

Last edited by elcinoca; 10/06/08 01:27 PM.
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#1058983 - 10/06/08 06:26 PM Re: FDIC Increase elcinoca
doodles Offline
Gold Star
Joined: Jan 2004
Posts: 493
I just typed up signage and laminated them to send to our branches that included the statement on it. They are to post this additional sign beside or below their current FDIC signage. I figured this was much quicker than ordering thru FDICConnect. Even though it is optional our President thought it was a good message to get out to our depositors.

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