FDIC Insurance definition

FDIC Insurance means deposit insurance that covers certain types of accounts at FDIC-insured banks.
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FDIC Insurance. Bank is an insured bank under the provisions of Chapter 16 of Title 12 of the United States Code relating to the Federal Deposit Insurance Corporation, and no act or default on the part of the Bank has occurred which might materially and adversely affect the status of Bank as an insured bank under said Chapter 16.
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FDIC Insurance. The funds in your Account will be FDIC insured up to the maximum FDIC insurance limits applicable to Bank. The insured amount may increase or decrease and is subject to limits set and reset by the FDIC from time to time. Additional information about deposit insurance is available on the FDIC’s website at ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/resources/deposit-insurance.
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Examples of FDIC Insurance in a sentence

  • No FDIC Insurance for Investments: I recognize that investments purchased and/or held within my Account: 1) may not be insured by the Federal Deposit Insurance Corporation (FDIC); 2) are not a deposit or other obligation of, or guaranteed by, either the Custodian or the Administrator; and 3) are subject to investment risks, including possible loss of the principal amount invested.

  • The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability.

  • FDIC Insurance We are a member of the Federal Deposit Insurance Corporation (FDIC).

  • To view the current program maximum deposit insurance limits for ICA, see the ICA Current Interest Rate pages on ▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇ under “Automatic Cash Sweep Programs and SIPC Coverage” and “FDIC- Insured Bank Deposit Sweep Programs (LPL ICA and DCA).” After that maximum is reached, your additional cash will be deposited into one or more of the Excess Banks (as defined in the ICA Disclosure Booklet) in excess of FDIC coverage limits and will not be eligible for FDIC Insurance.

  • The Savings Portfolio, however, offers FDIC Insurance on a pass-through basis to Account Owners.

  • Sellers are classified 1-A for purposes of calculating FDIC Insurance premiums.

  • The Deposit Accounts (including principal and accrued interest) are insured by the FDIC, an independent agency of the U.S. Government, up to the Maximum FDIC Insurance Amount, which is currently $250,000, for all deposits held in the same insurable capacity at any one Program Bank (and an Excess Bank, as applicable).

  • All Prepaid Expenses incurred to facilitate the operations of the Branch prior to the Closing Date and all Prepaid FDIC Insurance Premiums (or accrued as applicable), if any, shall be pro-rated as of Closing between the parties.

  • FDIC Insurance The Federal Deposit Insurance Corporation (“FDIC”), an agency of the United States government, insures funds in your Popular Direct Accounts at the Bank.

  • However, your funds in your Account that exceed FDIC Insurance limits will not receive pass-through FDIC Insurance while they are being transferred to a Program Bank.


More Definitions of FDIC Insurance

FDIC Insurance. Such Seller is either an insured institution for purposes of the Federal Deposit Insurance Act or is a bankruptcy-remote entity. The representations and warranties of each Seller set forth in this Section 2.03 shall survive the transfer and assignment by such Seller of the respective Receivables to the Trust. Upon discovery by such Seller, the Servicer or the Trustee of a breach of any of the representations and warranties by such Seller set forth in this Section 2.03, the party discovering such breach shall give prompt written notice to the others. Such Seller agrees to cooperate with the Servicer and the Trustee in attempting to cure any such breach. For purposes of the representations and warranties set forth in this Section 2.03, each reference to a Supplement shall be deemed to refer only to those Supplements in effect as of the relevant Closing Date.
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FDIC Insurance. This product is eligible for FDIC insurance subject to the terms and limitations of the FDIC. The standard insurance amount is Securities Investor Protection Corporation (“SIPC”): SIPC insures customer assets up to $500,000 of which not more than $250,000 may be in cash held at broker-dealers, such as Pershing, in the event of the failure of the broker-dealer. However, assets covered under FDIC insurance (see above) are exempted from SIPC coverage. Therefore, SIPC coverage is not available for deposits in the Sweep Account.
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FDIC Insurance. Your funds are deposited into Depository Accounts at the Depository Banks along with funds from other FICA Depositors. The FICA Custodian keeps records of how much each FICA Depositor has on deposit in each Depository Bank based on information supplied to the FICA Custodian by StoneCastle. Each FICA Depositor will be entitled to FDIC insurance on all of its FICA Account funds on deposit in each Depository Bank in the event of the failure of a Depository Bank unless insurance coverage is impacted by any money you hold at a Depository Bank outside the FICA Program. In the event of a failure of a Depository Bank, StoneCastle will promptly cause the FICA Custodian to submit an insurance claim to the FDIC on behalf of the FICA Depositors who have amounts on deposit through one or more Depository Accounts at the Depository Bank. The FICA Account is a custodial account maintained by the FICA Custodian which may contain cash and reflects your ownership of bank deposit accounts at Depository Banks. The FICA Custodian acts as your custodian for amounts on deposit through Depository Accounts at the Depository Banks. Amounts in the Depository Accounts are obligations of the Depository Banks and qualify for FDIC insurance for each FICA Depositor in the amounts shown on the records of the FICA Custodian as per the rules of the FDIC.
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FDIC Insurance. The funds in your Account will be FDIC insured up to a maximum of $250,000.00 or such lower or higher limit as may be established by the Federal Deposit Insurance Corporation from time to time.
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FDIC Insurance. Pershing has established standing instructions with the Bank to ensure that Pershing maintains control over your balance in BWIC and BICA at all times. FDIC Insurance protects your balance in BWIC and BICA in the event of the failure of the Bank, up to allowable limits as determined by the FDIC. However, any money held at the Bank outside of the Cash Sweep account will impact the insurance coverage available on your BWIC or BICA balance. Neither Pershing, nor BWIS, takes any responsibility for monitoring the money you hold at the Bank outside of the Cash Sweep account to determine if you are over the $250,000 per depositor insurance limit. You are solely responsible for monitoring your total deposits at the Bank, including the amount held in the BWIC or BICA Cash Sweep, as they relate to FDIC Insurance. Securities Investor Protection Corporation (“SIPC”): SIPC protects customer assets up to $500,000 (of which not more than
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FDIC Insurance. All value on the Card is shown in U.S. dollars. If the card is registered, the unused value of the Card balance accessible by the Card is insured by the Federal Deposit Insurance Corporation, in accordance with FDIC Rules. How to Use Your Card
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Related to FDIC Insurance

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.