Community Banker, you are in the right position to inform and reassure your customers about FDIC Insurance. How? With proper signage, and by listening to their concerns and providing clear, reliable answers. You can assure them with accurate facts & figures specific to their situation.
To do this, you must have knowledge and confidence in how FDIC Insurance works, and how to find the right amount of coverage for any given customer. You also need to know about the deceptive claims being made in the marketplace, so that you differentiate yourself as an institution of trust and confidence to your customers.
The FDIC has modernized its Official Signs and Advertising requirements to more fully address deposits made in the modern age – i.e. at ATMs, ITMs (Interactive Teller Machines), online banking, and mobile apps. In addition, the FDIC is cracking down on entities that deceptively misrepresent deposit insurance. Learn all the details and how it WILL affect your bank!
Now is the time to dust off your understanding of all things related to FDIC Insurance.
Learn:
- The big picture, in a world of digital bank runs, digital deposits, and digital imposters
- What FDIC Insurance covers
- What is does NOT apply cover
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Breaking down what these $250,000 coverage criteria fully mean:
- “Per depositor”
- “Per insured bank”
- “Per ownership category”
- Structuring: it’s a good thing! How that $250,000 coverage can be purposefully set up to achieve millions in coverage for consumer depositors
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How to use the EDIE tool, with examples
- Invaluable: Completing this tool with a customer and handing them an FDIC printout with coverage for their unique situation
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NEW in 2025!! FDIC requirements with effective dates of 1/1/2025 and 5/1/2025
- Mandatory signage for insured deposits
- Mandatory signage for non-deposit products
- How advertising signage fits ins
- NEW! Mandatory policy and procedure requirements
WHO SHOULD ATTEND: Compliance officers, front line staff (customer service and tellers), teller managers, operations officers, lenders, and anyone who faces bank customers.