Frequently Asked Questions
- What is a DIC certificate?
- Are foreign deposits insured?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- 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?
Did You Know?
- Misconception: Mutual Funds are covered by Deposit Insurance. - Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.