Frequently Asked Questions
- When must a depositor file a claim?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
- When is the Liquidator appointed?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
Did You Know?
- Misconception: The Deposit Insurance Corporation (DIC) is empowered to close a member institution. - Fact: A member institution licensed under the Financial Institutions Act, 2008 can only be “closed by or with the approval of The Central Bank of Trinidad and Tobago as a result of financial difficulties.”
