Other Services and Information
Deposits now insured to $250,000 by the FDIC
All bank deposits are currently insured by the FDIC up to $250,000 per depositor. Insurance may be increased based on the ownership of the account. For example, suppose you have a variety of accounts at one bank:
- The funds you have in various checking and savings accounts in your name alone are insured up to $250,000.
- Your portion of joint accounts is also separately insured to $250,000.
- If you also have "revocable trust accounts" at the bank, the total can be separately insured up to $250,000 for each beneficiary if certain conditions are met.
- Retirement accounts are separately insured up to $250,000.
- Depending on the circumstances, a family of four could have well over $1 million in deposit insurance coverage at the same bank. And that coverage is separate from what is protected at any other FDIC-insured institution.
Learn how a family of four can structure its accounts to achieve insurance levels up to $3 million. VIEW VIDEO for more information.
You can calculate your insurance coverage using the FDIC's Electronic Deposit Insurance Estimator at www.myfdicinsurance.gov. For questions about FDIC coverage, call toll-free 1-877-ASK-FDIC or contact Customer Service at (972-931-5311 or 1 800-35BUCKS or 1-800-352-8257.
SharePlus Federal Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. This coverage does not apply to interest bearing checking accounts. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
Beginning December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured, regardless of the amount in the account, at all FDIC-insured institutions.
Wire Transfer
SharePlus can accept and send wire transfers, both domestic and international.
Wire Fees:
Domestic Incoming Wires
The instructions to wire funds to the Bank are:
FI Name: SharePlus Federal Bank
FI ABA: 311079571
Credit to: Name and address of the
beneficiary (bank’s customer)
Account number of the
beneficiary
There are no charges for incoming wires.
International Incoming Wires
American Express Travelers Cheques
Travel with peace of mind. If lost or stolen American Express Travelers Cheques are refundable usually within 24 hours. Plus they provide you the peace of mind knowing that behind every Cheque is someone who can help in a travel emergency, 24/7.
- 24/7 Customer Service Support
- Refundable, if lost or stolen
- Accepted practically everywhere
American Express Travelers Cheques are available for 1% of the purchase price.
Travelers Cheques for Two
Cheques for Two have a convenient dual signature feature allowing you and another person to purchase or use them.
- Either you or your partner can use or purchase them
- Offers same benefits of traditional Travel Cheques
- Available in US dollars only
Travelers Cheques for Two are available for 1.5% of the purchase price.
Travelers Gift Cheques & Cards
Unlike store cards or gift certificates, American Express Gift Cheques let the people you care about get exactly what they want, every time. That's because Gift Cheques can be used to buy virtually anything, from stereo speakers to a new sweater, from a spa treatment to a puppy. And because they are available in a variety of denominations, Gift Cheques are ideal for everyone on your list - for friends and family or for tips and thank you's.
American Express Gift Cheques are available in denominations of $25, $50 and $100.
Fees: Gift Cheques and Gift Cards are face value plus $2.50 per Gift Cheque or $3.95 per Gift Card.
Savings Bonds
SharePlus sells Series EE U.S. Savings Bonds in denominations ranging from $25 to $10,000, and also sells Series I Savings Bonds.
Click here for complete information about investing with U.S. Savings Bonds.
Toll-free Telephone Access
Call the SharePlus Member Service Center at
1-800-35BUCKS.
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