Description
20min | Credits: n/a
Explains the role of the FDIC in insuring bank deposits. Defines key FDIC terminology and describes insurance coverage and limits. Explains ownership categories and how to calculate coverage for individual account holders and ownership categories.
Audience: Employees who open deposit accounts or answer questions concerning deposit accounts.
Learning Objectives
After completing this course, students will be able to
- Describe the purpose and basics of FDIC insurance
- Explain the general rules, coverage, and calculation for FDIC insurance
- Describe possible unique ownership scenarios and the insurance coverage for each ownership category
This course is part of the ABA Frontline Compliance program.