FDIC Creates New Online Tool for Customers of Failed Banks
July 31, 2008
The FDIC has reacted to the increased pace of bank failures this summer by creating a tool which allows customers of a failed bank to determine their insurance status within one business day of the bank closure.
From the FDIC website:
"This tool allows failed bank customers the ability to verify whether their account is fully insured or they need to contact FDIC. A link to specific contact information will be provided.
This service is only available for banks that failed after July 1, 2008. The customer must enter each account number to determine that account's status. If you have multiple accounts with the failed bank, please enter each account number one at a time.
This service will be available for use no later than the first business day after a bank failure"
