Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- When can an eligible depositor expect to receive his or her money?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
Did You Know?
- Misconception: Placing funds in different types of deposits such as CDs, Chequing, Savings with the same member institution would increase insurance coverage. - Fact: Deposits held by the same person in the same member institution in the form of CD’s, Chequing and Savings accounts are added together and insured up to a maximum of TT$200,000.
