Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- How quickly will the Liquidator make payments on certificates?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- What happens to those depositors whose accounts are subject to further examination?
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.
