Frequently Asked Questions
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- What procedure does the DIC follow after an institution has been closed?
- Are foreign deposits insured?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.