Frequently Asked Questions
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- What does a deposit transfer involve?
- How does the closing of an institution affect interest accruing on a deposit?
- If a depositor has more than $125,000 (the current insured limit) in a failed institution and is paid $125,000 by the DIC, what happens to the amount in excess of $125,000?
Did You Know?
- Misconception: Establishing more than one joint account in the same institution with the same names increases insurance coverage. - Fact: All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of TT$125,000.