10/29/2017
If a bank has a "core" deposit relationship with a customer and sends their uninsured deposits to CDARS in order to keep the relationship in house, are the CDARS deposits of that core depositor still considered "brokered" deposits?
12/03/2012
Does FDIC Insurance cover an authorized signer on a deposit account (for example: individual or joint checking account with one authorized signer).
06/04/2012
Can an Attorney-in-Fact change a Payable on Death beneficiary on an account if the Durable Power of Attorney document does not specifically speak to that? Part Two: If an account currently has a POD beneficiary designation in the account title and we are now retitling the account to Jane Customer by Joe Smith, Attorney-in-Fact, where does the POD designation go in the revised account title?
01/30/2012
Cashing out cd's and typing up new ones is the best way to change from a joint account into a Trust Account. Do we give them the current rates we are offering or do we type up the cd to finish the remaining term at the rate they were actually getting?
10/03/2011
We are discussing the new rule on interest bearing accounts. Any thoughts on the subject such as changing all NOW accounts to just interest bearing accounts or just creating a new account product for interesting bearing accounts?
09/19/2011
Must we disclose certain information to the customer if we offer an interest bearing checking account for a Business (business for profit) starting July 21, 2011?
05/23/2011
Is there any legal reason to require an individual to use their personal name on a sole proprietor account instead of the business name? I understand the mismatch issue with the IRS and the SSN, but it will not be an interest bearing account.
10/04/2010
Will we be required to notify depositors about the new temporary unlimited deposit insurance coverage for non-interest-bearing transaction accounts?
10/04/2010
Do we need to change anything on the bank sign stating that we participate in the Transaction Account Guarantee Program 12-31-10 to 12-31-12?
05/24/2010
We have "Member FDIC" on the name plates at each teller counter. They state $100,000 though. Is this a violation since the limits are $250,000?