Information regarding the date and place of payment will be posted on the doors of the closed institution, published in the press and indicated in notices sent to depositors.
Frequently Asked Questions
- How does a depositor establish an insurance claim?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- When must a depositor file a claim?
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$200,000.
