Notice of Changes in Temporary FDIC Insurance
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to and separate from the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (IOLTA’s). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money market deposit accounts
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov
Unlawful Internet Gambling Notice
Effective immediately, your account terms and conditions are amended to inclue the following: Restricted transactions as defined by the Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks or drafts are knowingly accepted by gambling businesses in connection with the participation by others in Unlawful Internet Gambling. If you would like additional information on the Unlawful Internet Gambling Enforcement Act (UIGEA) or Regulation GG, please contact: Gold Canyon Bank at 480-474-2005