Frequently Asked Questions
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- Are any other cash liabilities of financial institutions covered?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- Must a claim be filed in person?
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.
