Godlike Productions - Discussion Forum
Users Online Now: 1,789 (Who's On?)Visitors Today: 300,310
Pageviews Today: 476,114Threads Today: 153Posts Today: 2,399
06:02 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPLY TO THREAD
Subject CITI Bank:Important FDIC Coverage Update.
User Name
 
 
Font color:  Font:








In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Original Message How does the FDIC protect my deposit accounts?

Citibank Checking Accounts will have full FDIC Coverage. Citibank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest and interest-bearing1 Citibank checking accounts are fully guaranteed by the FDIC for the entire amount in the account.2

* For consumers, this program covers your non-interest or interest-bearing checking accounts in a Citibank Access Account, Basic Checking, Citibank® EZ Checking, The Citibank Account, Citibank Everything Counts® Account, The Citigold® Account, and Student Checking.
* For business customers, all CitiBusiness Checking accounts are fully guaranteed through December 31, 2009. CitiBusiness interest checking accounts include accounts held by sole proprietors; not-for-profit corporations; the Interest on Lawyers' Trust Accounts (IOLTA); Interest on Trust Accounts (IOTA); and Interest on Lawyer Accounts (IOLA).

Note: Beginning January 1, 2010, Citibank will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in noninterest-bearing transaction accounts (non-interest and interest-bearing checking accounts) will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rules.
Savings and Money Market Accounts. Deposits at FDIC-insured institutions are now insured up to $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor.3

1. Citibank interest checking accounts are classified as Negotiable Order of Withdrawal (NOW) accounts and will pay an interest rate within the guidelines set by the FDIC through December 31, 2009. These features qualify your Citibank Interest Checking Accounts for current and continuing coverage with unlimited insurance under the Transaction Account Guarantee Program.

2. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

3. The deposit insurance coverage limits refer to the total of all deposits that an accountholder (or account holders) has at each FDIC-insured bank.

[link to online.citibank.com (secure)]

I don't have a ton of money in the bank but damn somethings in the wind.

The accounts used to be fully insured and are now dropping to $250,000 coverage.

If TSHTF there are going to be a lot of broke millionaires just like in the Great Depression. WOW.
Pictures (click to insert)
5ahidingiamwithranttomatowtf
bsflagIdol1hfbumpyodayeahsure
banana2burnitafros226rockonredface
pigchefabductwhateverpeacecool2tounge
 | Next Page >>





GLP