Frequently Asked Questions
- If a person has an interest in more than one joint account, what is the extent of his or her insurance coverage?
- What procedure does the DIC follow after an institution has been closed?
- How does the closing of an institution affect interest accruing on a deposit?
- Which institutions depositors are insured by the DIC?
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.