Checking

With your most ambitious goals in mind, our commercial checking options provide all the modern conveniences and tools your business needs to succeed. Here are just some of the advantages:

  • Up to 500 free transactions per month
  • Online banking with bill pay
  • Easy debit card access
  • Free first order of checks
  • Dedicated financial center

Interest on Lawyers’ Trust Accounts (IOLTA)

at Metropolitan offers law firms and non-profits assistance and access to critical funding and financial strength. Approval from the Tennessee or Mississippi Bar Association is required for participation. Contact your local Metropolitan office for more information.

 

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

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

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