- Deposit Insurance Coverage
- Payment of Insured Deposits
- Insured Deposits
- Joint Accounts
- Loan Customers
- Making Claims
- Recovery of Uninsured Balances
- Trust Accounts
Frequently Asked Questions
- What is the current insured limit?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.