These are Checking Accounts which are Treated at Your RF Bank of Whittier as an AMANA, i.e. an In-Trust-Account. It cannot be invested in any financing (lending) activity.
This is the Reason Why the RF Bank of Whittier is Well Capitalized. WE Do Not Expose your Demand Deposit Amana Accounts – DDAA – to the Risk of Lending.
Account Insurance:
The account is insured by the Federal Deposit Insurance Corporation – FDIC - as follows:
If it is for an Individual: Insured Up to $250,000.
If it is more than an individual like a husband & wife: $500,000.
If it is for a Husband, a wife and another (3) it is $750,000 and so on
If it is a Trust Account with one Trustee, it is insured for up to $250,000, two trustees, it is insured for up to $500,000 and so on.
ATM VISA CARD:
Customers Receive an ATM Card which can be used for CASH WITHDRWAL FROM ALL Bank of America and Citibank ATM Machines.
The Bank of Whittier ATM Card Operates at a million ATM Machines worldwide.
