FIL-64-2018
October 24, 2018
Community Affairs Webinar
Expanding Access to Safe Transaction Accounts
Printable Format:
Summary:
The FDIC will conduct a webinar on Wednesday, October 31, 2018, at 2 p.m. Eastern Time on expanding access to safe transaction accounts. Registration is required. Safe and affordable transaction and savings accounts build positive banking relationships and promote economic inclusion and community development.
Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised banks and savings associations, including community institutions.
Highlights:
- During the upcoming webinar, representatives from the First Commonwealth Bank and the Old National Bank will join the FDIC to explore opportunities in offering safe and affordable banking services to promote access to and use of low-cost, insured transaction and savings accounts designed to build banking relationships that will meet the needs of unbanked and underbanked households.
- The webinar will be held on Wednesday, October 31, 2018, from 2:00 p.m. to 3:00 p.m. (EDT). To participate, institutions must register here by 3:00 p.m. on Monday, October 29, 2018.
- Each institution is responsible for assessing whether the ideas and information presented during the webinar are appropriate for the institution to pursue, given factors such as the institution’s business focus, existing economic inclusion/community development strategies, financial condition, and market.