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FDIC’s Transaction Account Guarantee
Program
All types of accounts at Points West Community Bank are guaranteed
up to $250,000 by the FDIC until December 31, 2013. Recently, the
FDIC introduced the Transaction Account Guarantee Program for optional
enrollment by banks. If a bank enrolled, this program would provide
additional FDIC insurance, on non-interest bearing accouts only, on
amounts over $250,000. This program was designed to protect certain
large corporations or businesses that need to keep over $250,000 in
a non-interest bearing account for purposes such as payroll. Points
West Community Bank's analysis of our current customer base determined
there was not a need for this coverage, therefore we did not enroll.
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Now it's easy
to find the closest Instant Cash automated teller machine and pinpoint
the location of any Instant Cash ATM.
(To Report Lost or Stolen ATM/Visa Debit Cards After Hours Call 1-800-535-8440)
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