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In uncertain times such as these it is natural for you to have questions about your money and to seek reassurance that your money is safe. To provide peace of mind that your money is safe and secure with us, we are pleased to announce that: Banco Popular of Puerto Rico is a member of the Federal Deposit Insurance Corporation (FDIC). Does not apply in British Virgin Islands.
Basic Insurance. Basic FDIC insurance has been increased from $100,000 to $250,000 permanently per depositor, according to the ownership categories, per insured financial institution. A customer can meet the requirements for coverage of more than $250,000 if he has a deposit account in different ownerships categories.
Commons ownerships categories:
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit https://www.fdic.gov/deposit/
The federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against the loss of your deposits if any FDIC-insured bank or savings association fails. There is not need to apply for FDIC insurance-coverage is automatic and backed by the full faith and credit of the U.S. government.
You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time) or contact them online at www.fdic.gov .
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You have the right to dispute the accuracy of the credit information we have reported by writing to us and describing the specific information that is inaccurate or in dispute, and the basis for any dispute with supporting documentation, to the address below.
Banco Popular de Puerto Rico PO Box 71589 San Juan PR 00936
Please write a letter with the following information:
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