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FDIC INSURANCE
EXPLAINED
By Global Client Solutions
Introduction
 An account management services provider in
the debt settlement industry, Global Client
Solutions processes payments for a range of
clients. Global Client Solutions pioneered a
resource, now known as a Dedicated Account,
which represents a way for consumers to save
money intended for repaying debt. As an
added layer of protection, every Dedicated
Account features insurance from the Federal
Deposit Insurance Corporation (FDIC).
FDIC Insurance Explained
 An independent agency of the U.S. government,
the FDIC protects consumer deposits in the event
of a bank collapse. Backed by the full faith and
credit of the U.S. government since its inception in
1933, FDIC insurance has never failed to protect
the loss of deposit. FDIC insurance covers a
broad range of deposit accounts, from traditional
savings and checking accounts to money market
deposit accounts and certificates of deposit.
However, the FDIC does not insure financial
assets, such as stocks and bonds, even if a
consumer purchases them from a savings
association or bank.

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FDIC Insurance Coverage for Debt Savings Accounts

  • 2. Introduction  An account management services provider in the debt settlement industry, Global Client Solutions processes payments for a range of clients. Global Client Solutions pioneered a resource, now known as a Dedicated Account, which represents a way for consumers to save money intended for repaying debt. As an added layer of protection, every Dedicated Account features insurance from the Federal Deposit Insurance Corporation (FDIC).
  • 3. FDIC Insurance Explained  An independent agency of the U.S. government, the FDIC protects consumer deposits in the event of a bank collapse. Backed by the full faith and credit of the U.S. government since its inception in 1933, FDIC insurance has never failed to protect the loss of deposit. FDIC insurance covers a broad range of deposit accounts, from traditional savings and checking accounts to money market deposit accounts and certificates of deposit. However, the FDIC does not insure financial assets, such as stocks and bonds, even if a consumer purchases them from a savings association or bank.