Frequently Asked Questions
- What does a deposit transfer involve?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
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.
