Metals contained in these accounts are securely stored in insured accounts
at International Depository Services of Canada (IDS).
The integration with the information system of XBC gave rise to the flexibility to send electronic payment information directly to the insured accounts
, and get the money debited from there.
However, if a client has other personal funds on deposit in the same bank in insured accounts
, the $250,000 limit applies to the combination of the client's personal and trust account deposits.
The service center equipped with the latest automation systems should support agency needs and provide up-to-the-minute information on insured accounts
Presently, over 59 percent of all domestic deposit balances are in fully insured accounts
, and 72 percent of deposits are insured.
The payout affects between 5,000 and 8,000 mostly elderly customers who moved their money from insured accounts
to Great Western mutual funds, lawyers who filed the class-action suit charged.
As long as any institution can offer insured accounts
and pursue risky activities," the National Commission on Financial Reform, Recovery, and Enforcement warned in 1993, "taxpayers could be vulnerable to some future set of 'unique' circumstances and events that could grow into another debacle.
So great was the demand for the insured accounts
that the assets in money market funds shrank by more than a third.
The demographic characteristics of these account holders suggest that they are mainly older, retired citizens with most of their financial assets in insured accounts
The answer is yes if you stick to federally insured accounts
up to $100,000, including the interest income you are earning, and brace yourself for certain minor inconveniences.
When banks and savings institutions were not able to pay their depositors, insured accounts
met the challenge.
Also, the consumer's money is always protected from merchant default in FDIC insured accounts