My blog post on Chase and Citibank dropping out of the Federal Deposit Insurance Company (FDIC) Transaction Account Guarantee program seems to have ruffled some feathers. It received a numerous comments and write ups in several blogs, including the dailypaul.com. Most of the comments on the post indicated (at lease to me) confusion over the [...]
Entries Tagged as 'Transaction Account Guarantee Program'
Bank Dropping Out of FDIC Programs More Significant Than You Realize
January 5th, 2010 · 1 Comment · Banking
Tags: Chase·Citibank·deposit guaratees·FDIC·Federal Deposit Insurance Company·Savings and Loan·Transaction Account Guarantee Program
Chase and Citibank to Drop Out of FDIC Coverage Program
December 23rd, 2009 · 21 Comments · Banking
Chase and Citibank announced via their websites that they are no longer participating in Federal Deposit Insurance Company (FDIC) Transaction Account Guarantee Program. Both banks are still insured under the general FDIC program, however. What is the FDIC? It’s the government entity that makes it safer to keep your money in the bank rather than [...]
Tags: Chase·Citibank·FDIC·Transaction Account Guarantee Program
