Frequently Asked Questions
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- 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.