FDIC Releases "Covid-19 One Year Update (Opens in a new Window)" in Consumer News
In an informative Consumer News (Opens in a new Window) update by the FDIC (Opens in a new Window), the agency succinctly highlights differences in the banking environment of our modern era, one full year into Covid-19. These differences from the previous year include: the increased use of social distancing guidelines, mobile banking technology, and virtual interpersonal/financial services. Several services, that Carolina Bank offers, are noted in the article for their data security, safety, and overall convenience. This includes: Money Transfer Services, Online Bill Pay Services, and Remote Deposit Capture.
In the article, the Federal Deposit Insurance Corporation (FDIC) also exhibit their important role in insuring your deposits, establishing bank relationships, and managing economic relief. Banks are the safest place to keep your money because within an FDIC-insured bank that money is guaranteed, up to $250,000 per depositor (source (Opens in a new Window)). In the past year the FDIC has also "worked along with bank trade associations and nonprofit partners to help thousands of consumers begin or re-establish a banking relationship". See what else the FDIC does for consumers by following the #GetBanked (Opens in a new Window) movement and reading more Consumer News (Opens in a new Window) updates .