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What is the FDICs Transaction Account Guarantee Program?

account fdics guarantee program transaction

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Irwin Union Bank is participating in the FDICs Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDICs general deposit insurance rules.

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