No.
Frequently Asked Questions
- Which institutions depositors are insured by the DIC?
- If a person has an interest in more than one joint account, what is the extent of his or her insurance coverage?
- When can an eligible depositor expect to receive his or her money?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
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.