Deposits at FDIC-Insured institutions are now insured to at least $250,000 per depositor for each account ownership category. Learn more at http://www.fdic.gov/deposit or www.fdic.gov.
BofI Federal Bank runs multiple brands over the Internet, including Bank of Internet USA. For further information, visit the BofI Federal Bank FDIC Notice page.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit FDIC Insured.