Joint owners without signatures and FDIC insurance?

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Question:

What if our joint owner did not sign the signature card? That used to be a thing which caused the insurance to revert to single party.

Answer:

Today, the FDIC will look at usage also to determine if the person is a joint owner. So the account holder must be a human being, has equal access to the account and if no signer is someone who has used the account. The exception to this last requirement would be certificates of deposit or what now we call Time Deposits.

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