12.26.2012 - Effective February 1, 2013, the fees for University Bank’s Wire Services will increase as follows:
- Incoming International Wire Transfers: $35.00, Outgoing International Wire Transfers: $50.00,
- Domestic Incoming Wire Transfer $15, Domestic Outgoing Wire Transfer $25.00
12.25.2012 - To help understand your 2013 account insurance coverage needs, please visit EDIE (https://www.fdic.gov/edie/index.html) for additional information.
01.24.2011 - 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 also includes Interest on Lawyers Trust Accounts (“IOLTA”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
01.18.2011 - The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent
e-mails that have the appearance of being from the FDIC.
The e-mails appear to be sent from various “@fdic.gov” e-mail addresses, such as
“email@example.com,” “firstname.lastname@example.org,” or “email@example.com.” They have subject lines that read: “FDIC: Your business account” or “FDIC: About Your
The e-mails are addressed to “Business Customer” or “Business Owner” and state “We have
important information about your bank” or “…financial institution.” They then ask recipients to
“Please click here to find details.”
They conclude with, “This includes information on the acquiring bank (if applicable), how your
accounts and loans are affected, and how vendors can file claims against the receivership.”
These e-mails and the link included are fraudulent and were not sent by the FDIC. Recipients
should consider the intent of these e-mails as an attempt to collect personal or confidential
information, or to load malicious software onto end users’ computers. Recipients should NOT
access the link provided within the body of the e-mails and should NOT, under any
circumstances, provide any personal financial information through this media.
Financial institutions and consumers should be aware that other subject lines and modifications
to the e-mails may occur over time. The FDIC does not directly contact consumers in this
manner nor does the FDIC request personal financial information from consumers.
For your reference, FDIC Special Alerts may be accessed from the FDIC’s Website at
www.fdic.gov/news/news/Special Alert/2011/index.html. To learn how to automatically receive
FDIC Special Alerts through email, please visit www.fdic.gov/about/subscriptions/index.html.
Questions related to federal deposit insurance or consumer issues should be submitted to the
FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.