FDIC Insurance Expiration
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
If we delay the availability of deposited funds beyond the 1st business day, the funds will generally be available on the 2nd business day.
In addition, we may delay the availability of funds from deposits made remotely (mobile/merchant equipment) at any time at our sole discretion.
USA Patriot Act
The USA Patriot Act requires all financial institutions to obtain, verify and record identification, such as name, address, date of birth and more, along with driver's license or similar documentation, from all persons opening new accounts or being added to existing accounts.
Tradition Bank's website contains many links to websites of third parties which could include governmental agencies to individuals and companies. Those links are provided for your convenience. By placing a link to a site, we are not endorsing or guaranteeing it; we have no control over the content on 3rd party websites; and make no representations or warranty of any kind. Also, be aware that linked 3rd parties may have different security and privacy policies governing their websites.