No. Deposit insurance protects only depositors.
Frequently Asked Questions
- Are any other cash liabilities of financial institutions covered?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- What is a Liquidator’s certificate?
- 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?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
