Member FDIC and BankDirect
Ensuring Your Deposits Are Safe
BankDirect a division of Texas Capital Bank, N.A. wants you to feel confident that your deposits are safe and that we provide the greatest available level of financial security to our customers.
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).
- FDIC coverage up to $250,000 per depositor for all “interest bearing” deposit other than IOLTAs.
- Unlimited FDIC coverage on all noninterest-bearing personal and business checking deposit accounts from 12/31/2010 through 12/31/2012
- Unlimited FDIC coverage on Interest on Lawyers Trust Accounts (IOLTAs”) from 12/31/2010 through 12/31/2012
- Since BankDirect is a division of Texas Capital Bank, N.A., any funds on deposit with BankDirect are aggregated towards the $250,000 FDIC insurance at Texas Capital Bank, N.A.
For more information about FDIC insurance, including the temporary FDIC insurance coverage of transactions accounts, visit the official FDIC web site