Frequently Asked Questions
- How does the closing of an institution affect interest accruing on a deposit?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- How does a depositor establish an insurance claim?
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.
