FDIC Insurance
FDIC Insurance protects bank depositors against the loss of their insured deposits if an FDIC-insured bank or savings association fails. Zil provides small-medium businesses with FDIC-insured checking accounts. Zil online banking is provided by Evolve Bank & Trust, an FDIC (Federal Deposit Insurance Corporation) member.
Sign up on Zil to open a US FDIC-insured checking account with no minimum balance requirement or monthly fee.
We Offer You the Best
0
initial fee
No initial fees or hidden fees to open account with us.
0
maintenance fees
Enjoy hassle-free banking services with no maintenance fees.
0
minimum deposit
Start your banking journey with zero minimum deposit.
0
initial fee
No initial fees or hidden fees to open account with us.
0
maintenance fees
Enjoy hassle-free banking services with no maintenance fees.
0
minimum deposit
Start your banking journey with zero minimum deposit.
What is FDIC Insurance?
The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States Government that protects bank customers against the loss of their insured deposit accounts (such as checking and savings) in the event an FDIC-insured bank fails. Deposits are insured up to at least $250,000 per depositor, per FDIC insured bank, and per ownership category.
Are my Deposit Account FDIC Insured?
Zil provides FDIC-insured checking accounts for business owners. Zil online banking service technology is provided by Evolve Bank & Trust, an FDIC member. You can open a U.S. bank account remotely from anywhere and enjoy a business checking account to make ACH and international wire transfers at a minimum transaction fee.
FREQUENTLY ASKED QUESTIONS
What is FDIC insurance?
The FDIC or Federal Deposit Insurance Corporation is a U.S. federal agency that protects you up to certain limits against the loss of your deposit accounts (such as checking and savings) if your FDIC-insured bank fails. Zil provides businesses FDIC insured checking accounts to make ACH transfers and international wire transfers at a minimum transaction fee.
Are all bank accounts FDIC insured?
No, all banks are not insured by the Federal Deposit Insurance Corporation. FDIC deposit insurance only covers certain deposit products, such as checking and savings accounts, money market deposit accounts, and certificates of deposit (C.D.s). Zil online banking provides U.S. FDIC-insured checking accounts at no minimum balance fee or monthly fee.
What is insured by FDIC?
The FDIC covers insurance for deposit accounts, including
· Checking accounts
· Negotiable Order of Withdrawal (NOW) accounts
· Savings accounts
· Money Market deposit accounts (MMDA)
· Time deposits such as certificates of deposits (C.D.s)
· Cashier’s checks, money orders, and other official items issued by a bank
What amount of insurance coverage do I have for my accounts?
The insurance coverage by Federal Deposit Insurance Corporation on deposit accounts like checking and saving accounts is $250,000 per deposit. Evolve Bank & Trust, an FDIC member, provides Zil online banking.
Saving Account vs Checking Account
A savings account has higher interest rates and transaction limits; it is used to deposit and save money. A checking account offers a lower interest rate on deposit amount but has fewer transaction limits on withdrawals. A checking account is suitable for daily transactions and purchases.
Make Business Easy with Zil
At Zilbank.Com, we pledge to provide convenient and efficient services to our customers to make business operations easier.