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Transaction Account Guarantee Program

Merchants Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 2010, some 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 FDIC’s general deposit insurance rules.

Accounts covered by this program:

  • Free Checking For Life
  • Cash Rewards Checking
  • Bottom Line Checking
  • Rewards Checking For Business
  • Commercial Checking
  • Commercial Interest Checking
  • IOLTAs/IORTAs
  • Non-Profit Checking Accounts
  • Municipal Interest Checking Account

Information on the FDIC's General Deposit Insurance Rules:

FDIC answers to FAQs on deposit insurance >

Find out about FDIC Insurance from this informational video >

 

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