No. Only deposits held in Trinidad and Tobago and payable in Trinidad and Tobago dollars are insured.
Frequently Asked Questions
- What happens to those depositors whose accounts are subject to further examination?
- How does a depositor establish an insurance claim?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
Did You Know?
- Misconception: Certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure. - Fact: A claim, supported by appropriate proof, must be made to the Deposit Insurance Corporation before payment of deposit insurance can be made. As such, all information including certificates, deposit books bank statements etc. would be required to facilitate a smooth payout process. See Tips for Depositors.
