No. Only deposits held in Trinidad and Tobago and payable in Trinidad and Tobago dollars are insured.
Frequently Asked Questions
- If a depositor has more than $200,000 (the current insured limit) in a closed institution and is paid $200,000 by the DIC, what happens to the amount in excess of $200,000?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- What happens to those depositors whose accounts are subject to further examination?
- What does a deposit transfer involve?
Did You Know?
- Misconception: Establishing more than one joint account in the same institution with the same names increases insurance coverage. - Fact: All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of TT$200,000.
