About This Item
- Physically separate areas where non-deposit products are offered from deposit areas.
- Display signage that clearly states non-deposit products are: not insured by the FDIC, not deposits, and may lose value.
- Avoid displaying non-deposit signage too close to official FDIC signs.
Details
Ensure clarity and compliance in your branch with our Non-Deposit Products Bend Back Counter Sign, available in 8W x 5-1/2H. This customizable, full-color sign can be branded with your institution's logo, allowing you to maintain a professional and consistent look throughout your space.
Key Compliance Information
According to the FDIC’s Part 328, "Insured Depository Institutions (IDIs) must continuously, clearly, and conspicuously display the required non-deposit signage at each location within the premises where non-deposit products are offered. If non-deposit products are offered in individual offices, the non-deposit sign should be visible in those offices." This rule is effective from April 1, 2024, with a mandatory compliance date of January 1, 2025.
Product Features
Color Options: Choose from a full range of custom colors to match your branding. If no specific color is selected, the default option is a sleek black background with crisp white text.Definition of Non-Deposit Products
“Non-Deposit Product” refers to any product that is not a "deposit," including insurance products, annuities, mutual funds, securities, and crypto-assets. Please note that credit products and safe deposit box services are not considered Non-Deposit Products.
Non-Deposit Product Area Requirements
This sign is an essential tool for distinguishing non-deposit products, ensuring transparency, and meeting regulatory obligations, protecting both your institution and your customers.