|
Dear Customer,
Bank of China, New York Branches (New York Branch and Chinatown Branch) are expanding our services to our business customers. As a highly valued customer, we want to introduce you our new Business Plus Checking Account (“Account”), which bears interest with unlimited withdrawals. The product will be available starting from July 21, 2011.
If you choose to convert your current account to new interest bearing Account, the Account can only have a maximum of $250,000 FDIC standard insurance[1], pursuant to law.
If you want to keep your current account, you do not have to do anything and the temporary FDIC coverage of your current account remains unlimited[2].
We appreciate your business. Your business is very important to us and we look forward to serving you. In the meantime, if you have any questions or concerns, please feel free to contact us.
Sincerely,
Bank of China, New York Branches
New York Branch Chinatown Branch
410 Madison Avenue 42 East Broadway
New York, NY 10017 New York, NY 10002
212-935-3101 212-925-2355
Member FDIC Member FDIC
[1] Please note that the standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
[2] FDIC Financial Institution Letters FIL-76-2010: Final Rule: Temporary Unlimited Coverage for Noninterest - Bearing Transaction Accounts.
|
Equal Housing Lender