Frequently Asked Questions
- 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?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- How quickly will the Liquidator make payments on certificates?
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.
