Yes. The basic FDIC insurance amount applies to each separately chartered bank or savings association whether or not they internet based or not. In addition, you’re protected by the Electronic Fund Transfer Act, which governs consumer rights involving errors in the handling of electronic deposits, payments or withdrawals, and limits on consumer liability for unauthorized transfers.

No user commented in " I am concerned about banking online or even over the phone, if I bank by telephone or the internet, are my legal protections the same as when I bank in person? "

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