Learn helpful information from the FTC to prevent identity theft from happening to you.
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By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, click here.
On April 17, 2014, information regarding a global vulnerability known as “Heartbleed” was discovered and announced. This vulnerability is a flaw in the OpenSSL libraries, commonly used for encryption over the internet. Bank of New Jersey is aware of the situation and has confirmed internally and with our vendors that our systems containing customer data and passwords were not vulnerable.
Bank of New Jersey is committed to maintaining a secure environment for your transactions and to ensure customer information remains secure. As an precautionary measure, we encourage you to change your passwords on all online services you use with Bank of New Jersey. We also encourage you to change your passwords on any other secure website you use once you confirm those sites are not running or have patched any affected systems.
At Bank of New Jersey, we take our commitment to protecting customer information seriously and thank you for trusting in Bank of New Jersey.