Specials

News

 Madison Bank MasterMoney Debit Card - Leaving the U.S.?

We are serious about doing all we can to protect you from debit card fraud. That is why we are asking you to notify us when you plan to travel outside the United States.With proper notification, we will make sure you are able to use your card internationally. This is just one of the many ways we are working to help protect you from fraud. 

Important Notices

FDIC

On July 21, 2010 FDIC deposit insurance for all deposit accounts will be increased permanently to $250,000 per depositor.

NOTICE OF CHANGES IN TEMPORARY
 FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "non-interest bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "non-interest bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).

The Madison Bank of Maryland Simplicity checking accounts, MB NOW checking accounts and MB Ultimate checking accounts will be insured under the FDIC’s general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000.00.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 Funds Availability Policy Addendum

Effective July 21, 2011, section 1086 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 amends the Expedited Funds Availability Act for non-next day availability checks. The amendment increases the amount that must be available for withdrawal by opening of business on the next day from $100 to $200.