Four online, live seminars explain deposit insurance coverage

Deposit insurance coverage – including a comprehensive overview of the rules for federal coverage – will be addressed in four online, live and no-charge seminars for bank employees and officers throughout the year, beginning May 24.

The Federal Deposit Insurance Corp. (FDIC) said in a Financial Institution Letter (FIL 25-2018) released Wednesday that the four seminars will cover (in addition to deposit insurance rules) deposit insurance coverage information on signature card requirements for joint accounts, Prepaid Cards, Bank Trade names, Health Savings Accounts, 529 plan accounts, and 529 “Achieving a Better Life Experience (ABLE)” plan accounts.

The seminars also provide an overview of deposit insurance resources, including the agency’s online tool used to calculate deposit insurance coverage, and the FDIC’s Financial Institution Employee’s Guide to Deposit Insurance, which the agency said was developed to assist bankers in providing detailed information about deposit insurance coverage to their customers.

The dates for the seminars are May 24 (1 p.m.), July 18 (2 p.m.), Sept. 20 (3 p.m.) and Nov. 26 (1 p.m.). All times are ET.

In addition, the agency said, it has developed three separate Deposit Insurance Coverage seminars for bank officers and employees available on the FDIC’s YouTube channel.

For registration information, see the link.

FIL-25-2018: Deposit Insurance Coverage Seminars: Free Nationwide Seminars for Bank Officers and Employees