Online FDIC Logo Requirements

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Question:

I am reviewing a bank's online website. On a few of the web pages for their on-line banking services (transfers, etc.) and on the pages applying for the services, the bank name is at the top of the page but no Member FDIC symbol is on the page. I thought that since the bank name is on the page the Member FDIC symbol must also be on the page; however, the FFIEC's Guidance on Electronic Financial Services and Consumer Compliance states that the official bank sign is not currently required to be displayed on an institution's on-line system. What is their definition of an online system. The bank's internet application page is maintained by Funds Xpress. Is this an online system?

Answer:

Answer by Andy Zavoina:
The bank's online system would be its internal system such as where you would program the new accounts.

The FDIC logo is required on advertisements. For the Web site, this means the home page and those pages that solicit deposit accounts.

It is not a good idea to put it with the bank's logo graphic if you also have non-insured products requiring a separation of insured-noninsured.

Answer:

Answer by Mary Beth Guard:
Further guidance is available on this page of the FDIC's Web site:
http://www.fdic.gov/regulations/resources/signage/index.html

First published on BankersOnline.com 3/4/02