- Can a depositor leave his/her deposit with the transferee institution?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
When an institution has been closed by the Central Bank and a winding-up order is issued by the Court, each depositor will be notified in writing at the depositor’s last address on record with the institution. This notification will be mailed shortly after the institution closes. Notification will also be given in the press.
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- What does a deposit transfer involve?
- What happens to those depositors whose accounts are subject to further examination?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- When can an eligible depositor expect to receive his or her money?