- 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 types of deposits are insured?
- If a depositor has more than $125,000 (the current insured limit) in a failed institution and is paid $125,000 by the DIC, what happens to the amount in excess of $125,000?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
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.