Frequently Asked Questions
- How quickly will the Liquidator make payments on certificates?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- Must a claim be filed in person?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
Did You Know?
- Misconception: All financial institutions that take deposits are covered under the Deposit Insurance Fund - Fact: ONLY member institutions that are licensed under the Financial Institutions Act, 2008 are covered under the Deposit Insurance Fund. This legislation provides for the regulation of commercial banks and other institutions engaged in the business of banking and business of a financial nature.