Frequently Asked Questions
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
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.
