Frequently Asked Questions
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- How does a depositor establish an insurance claim?
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.
