Program Description:
Participants in this AIB course will be given an
overview of Federal Deposit Insurance Corporation
(FDIC) insurance coverage of accounts. Individual
and joint account ownership types and aggregation of
accounts will be discussed as they relate to insurance
coverage. Participants will be given examples of
insurance coverage calculations using individual and
joint ownership categories.
After successfully completing this course, the student will be able to:
- Explain the background of the FDIC
- Describe the purpose of the FDIC
- List the types of deposits that are and are not insured by FDIC deposit insurance coverage
- Identify the general rules for insurance coverage
- Provide examples of the different types of rules used for individual and joint ownership accounts
- List some basic rules for determining the amount of FDIC insurance coverage
- Recognize examples of FDIC insurance coverage for the same ownership category and for different owners in the same ownership category
Who Should Attend:
All employees with customer contact.
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