topic Re: FDIC banner - Citi and AMEX in Credit Cards

FDIC banner - Citi and AMEX

NoMoreE46 — Fri, 06 Dec 2024 03:26:41 GMT

I noticed these FDIC banners (red highlight) appearing upon login from the these two Issuers' apps.

This reassurance banners have been there for a few weeks.

Wondering why as both have decided to do so?

Anyone notice this from any other issuers?

Re: FDIC banner - Citi and AMEX

Jeffster1 — Fri, 06 Dec 2024 03:51:29 GMT

BofA also added an FDIC banner to their website recently.

Re: FDIC banner - Citi and AMEX

DatBoiQuick — Fri, 06 Dec 2024 05:33:06 GMT

I noticed this as well, I wonder why most big banks added this around the same time.

Re: FDIC banner - Citi and AMEX

eve204 — Fri, 06 Dec 2024 06:36:26 GMT

https://www.fdic.gov/news/press-releases/2024/fdic-extends-compliance-date-subpart-fdic-official-signs-and-advertising

https://www.fdic.gov/news/press-releases/2023/pr23110.html

Re: FDIC banner - Citi and AMEX

Varsity_Lu — Fri, 06 Dec 2024 11:23:15 GMT

My tiny local bank that only has like 6 branches also added it recently. Perhaps some obscure pork legislation recently kicked in?

Re: FDIC banner - Citi and AMEX

NoMoreDebt — Fri, 06 Dec 2024 11:27:10 GMT

Same here. Noticed it first on Citi then my Amex account page. Even My Morgan Stanley Company stock plan and brokerage account page shows it and didn't before.

Re: FDIC banner - Citi and AMEX

Gregory1776 — Fri, 06 Dec 2024 11:45:19 GMT

@DatBoiQuick wrote:
I noticed this as well, I wonder why most big banks added this around the same time.

They all talk to each other - and they know the system is completely broken.

Re: FDIC banner - Citi and AMEX

Saleen099 — Fri, 06 Dec 2024 12:45:49 GMT

@Gregory1776 wrote:
@DatBoiQuick wrote:
I noticed this as well, I wonder why most big banks added this around the same time.
They all talk to each other - and they know the system is completely broken.

🤫🤫🤫🤫🤫🤫

Re: FDIC banner - Citi and AMEX

JoeRockhead — Fri, 06 Dec 2024 13:04:20 GMT

OK, so I'm going to go out on a limb here and say it's their way of gently reminding the public that they're not an uninsured Fintech... that's all I got from this latest mysterious phenomenon.

Re: FDIC banner - Citi and AMEX

NoMoreE46 — Fri, 06 Dec 2024 18:22:05 GMT

@eve204 wrote:
https://www.fdic.gov/news/press-releases/2024/fdic-extends-compliance-date-subpart-fdic-official-signs-and-advertising

https://www.fdic.gov/news/press-releases/2023/pr23110.html

Excellent and welcome to the forums @eve204 .

Re: FDIC banner - Citi and AMEX

unsungivy — Fri, 06 Dec 2024 20:09:42 GMT

@eve204 wrote:
https://www.fdic.gov/news/press-releases/2024/fdic-extends-compliance-date-subpart-fdic-official-signs-and-advertising

https://www.fdic.gov/news/press-releases/2023/pr23110.html

Now THAT'S how you do a successful longtime-lurker-first-time-poster post.

Re: FDIC banner - Citi and AMEX

Anonymous — Mon, 09 Dec 2024 01:14:03 GMT

I noticed it on amex, and assumed it was related to the membership rewards checking account.

Re: FDIC banner - Citi and AMEX

NoMoreDebt — Mon, 09 Dec 2024 01:20:28 GMT

@Anonymous wrote:
I noticed it on amex, and assumed it was related to the membership rewards checking account.

same here. interestingly I still don't see it on Chase's website when im on it.

Re: FDIC banner - Citi, AMEX, and Apple Card Savings

NoMoreE46 — Sat, 11 Jan 2025 18:29:59 GMT

Noticed the banner now in my Apple Card Savings.

Re: FDIC banner - Citi and AMEX

Gregory1776 — Sat, 11 Jan 2025 21:18:28 GMT

yes and things are about to get spicy. "Reassurace"

Re: FDIC banner - Citi and AMEX

ElvisCaprice — Sat, 11 Jan 2025 21:36:18 GMT

LOL, yawn.

Re: FDIC banner - Citi and AMEX

Realist — Sun, 12 Jan 2025 15:13:29 GMT

Two things come to mind on this.

1. People actually didn't know about this almost always known statement within the banking world?

2. Bank bail-ins incoming? During the time of the largest bubble anyone has ever lived through to date? Cyprus anyone? It is curious, why some of the welcome offers, aka subs, are so wonderful at certain banking instituations. Vacuum to draw in funds? Bah, that's probably only a coincidence. 😉

Why state the already obvious?

Re: FDIC banner - Citi and AMEX

NoMoreE46 — Sun, 12 Jan 2025 21:12:20 GMT

No, not everyone is keen on the FDIC/NCUA assurance.

The lower link from message 4 Re: FDIC banner - Citi and AMEX - myFICO® Forums - 6800381

offers an explanation for the digital versions.

@Realist wrote:
Two things come to mind on this.

1. People actually didn't know about this almost always known statement within the banking world?

or

2. Bank bail-ins incoming? During the time of the largest bubble anyone has ever lived through to date? Cyprus anyone? It is curious, why some of the welcome offers, aka subs, are so wonderful at certain banking instituations. Vacuum to draw in funds? Bah, that's probably only a coincidence. 😉

Why state the already obvious?