These are Checking Accounts which are Treated at Your RF Bank of Whittier as an AMANA, i.e. an In-Trust-Account. They 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 – DDA – to the Risks of Lending.
Account Insurance:
DDA accounts are insured by the Federal Deposit Insurance Corporation – FDIC - as follows:
If it is for an Individual: Insured $250,000.
If it is for two people like a husband & wife: $500,000.
If it is for three people like a Husband, a wife and a child 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.
Bank of Whittier ATM Cards can also be used for CASH WITHDRWALS at ALL Bank of America and Citibank ATM Machines free of charge.
Bank of Whittier ATM Cards Operate at a million ATM Machines worldwide.
