Rates Current as of Wednesday February 08, 2012

Hold

Used to indicate that a certain amount of a customer’s balance may not be withdrawn until an item has been collected, or until a specific check or debit is posted.

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Does the FDIC insure an unpaid cashier’s check, certified checks, and money orders?

In the event of a bank default that occurs before any of those items listed is cashed or credited to another account, these items would be included in the insurance amount for the account of the depositor that holds them.

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Has a money market fund ever dropped below a $1.00 NAV or broken the buck?

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I bounced a check that I had written this month for my car payment. How will this affect my credit?

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Can the bank charge an overdraft fee while there is a deposit pending?

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I wrote a check that was returned because of insufficient funds (NSF) in my account. But the bank never notified me, so other checks bounced and I got hit with several overdraft fees. Shouldn’t the bank have sent me a notice?

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