Customer Updates
December 2010
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
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 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.
Bank Applications and Android Phones
It has come to our attention that there is a growing area of concern associated with Android phones and financial institution applications. Specifically, there are application developers who are creating and making publicly available certain Android applications that have the same look and feel as legitimate financial institutions.
It is unknown at this time whether or not these applications carry malicious code and send users to fraudulent websites or are merely cashing in $0.99 for users to download a supposed legitimate mobile application.
At this time, Suncrest Bank does not support these mobile applications.
Identity Theft
Please note that Suncrest Bank will NEVER ask you for personal or bank account information and/or confirmation of usernames or passwords in the form of unsolicited phone calls or emails. If someone contacts you and requests this type of information, please do not respond and contact the authorities immediately.
