FDIC (Federal Deposit Insurance Corporation)

The Federal Deposit Insurance Corporation provides deposit insurance to depositors within U.S. banks. Its primary source of funding is through member dues from included banks.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • RCK (Re-presented Check)

    An additional presentment of an eligible returned paper check through the ACH network.

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