Accounts Covered by FDIC Insurance Sample Clauses

Accounts Covered by FDIC Insurance. Deposit insurance protection covers funds on deposit in any checking or other transaction account, savings account, or time deposit account maintained with the Bank. This insurance protection is provided by the Federal Deposit Insurance Corporation (“FDIC”), an agency of the United States government. The standard insurance amount provided by the FDIC is $250,000 per depositor, for each account ownership category. Federal law provides for separate insurance coverage of up to $250,000 for “self-directed” retirement accounts. A “self-directed” retirement account is an account for which the owner, not a plan administrator, has the right to direct how the funds are invested, including the ability to direct that the funds be deposited at a specific FDIC-insured bank. A depositor may increase the amount of deposit insurance that is available by having funds in deposit accounts held in different rights and capacities (or ownership forms). For example, joint accounts, fiduciary accounts, and Individual Retirement Accounts offer opportunities for increasing the amount of FDIC insurance above that which would be available for individual accounts. Funds that are owned by a business that is a “sole proprietorship” and deposited in the name of the business are treated as the individual account of the person who is the sole proprietor. They are added to other individual accounts of that person for purpose of calculating the applicable FDIC limit. Simply opening more than one account in the same name or names does not increase the amount of deposit insurance. Whether a particular ownership form is right for you depends on your particular financial circumstances, the circumstances of co-owners or beneficiaries, and tax considerations. For more specific and detailed information pertaining to your FDIC insurance coverage, you should contact your personal financial advisor. You may also visit the FDIC web site at xxx.xxxx.xxx. This website has many helpful tools including a brochure titled “Your Insured Deposits – FDIC’s Guide to Deposit Insurance Coverage”, and an online Electronic Deposit Insurance Estimator. You may also contact the Federal Deposit Insurance Corporation by mail at 000 00xx Xxxxxx X.X., Xxxxxxxxxx, X.X. 00000, or by telephone at 0-000-XXX-XXXX (0-000-000-0000). A Personal Banking Representative or your Relationship Manager can provide information regarding maximizing your FDIC insurance coverage.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Accounts Covered by FDIC Insurance. Deposit insurance protection covers funds on deposit in any checking account, savings account (including a money market savings account), or time deposit account maintained with the Bank, up to established coverage limits. This insurance protection is provided by the Federal Deposit Insurance Corporation (“FDIC”), an agency of the United States government. For more specific and detailed information pertaining to your FDIC insurance coverage you may visit the FDIC website at xxx.xxxx.xxx or contact the FDIC by telephone at 0-000-XXX-XXXX (0-000-000-0000).
Sample 1Sample 2Sample 3

Related to Accounts Covered by FDIC Insurance

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Workers' compensation and employer's liability insurance endorsements The following are required:

  • Worker's Compensation and Employer's Liability Insurance The Contractor shall have in effect during the entire life of this Agreement Workers' Compensation and Employer's Liability Insurance providing full statutory coverage. In signing this Agreement, the Contractor certifies, as required by Section 1861 of the California Labor Code, that it is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of the Code, and I will comply with such provisions before commencing the performance of the work of this Agreement.

  • Employers’ Liability and Workers’ Compensation Insurance providing statutory benefits in accordance with the laws and regulations of the state in which the Point of Interconnection is located.

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of Workers’ Compensation/Employer’s Liability insurance are: Part One: Part Two: “Statutory” Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

  • Comprehensive Automobile and Truck Liability Insurance covering owned, hired and non-owned vehicles, with a combined bodily injury and property damage limit of $1,000,000.00 per occurrence; or separate limits of $250,000 for bodily injury (per person), $500,000 bodily injury (per accident), and $100,000 for property damage.

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least:

  • Excess/Umbrella Liability Policies Required insurance coverage limits may be provided through a combination of primary and excess/umbrella liability policies. If coverage limits are provided through excess/umbrella liability policies, then a Schedule of underlying insurance listing policy information for all underlying insurance policies (insurer, policy number, policy term, coverage and limits of insurance), including proof that the excess/umbrella insurance follows form must be provided after renewal and/or upon request.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Contractor’s Liability Insurance Contractor shall purchase and maintain such insurance as will protect Contractor from claims set forth below which may arise out of or result from the Contractor’s operations under the Contract, whether such operations be by Contractor or by any subcontractor or by anyone directly or indirectly employed by Contractor, or by anyone for whose acts any other may be liable:

Time is Money Join Law Insider Premium to draft better contracts faster.