Frequently Asked Questions
- What procedure does the DIC follow after an institution has been closed?
- Does the borrower’s obligations to the institution continue after the institution is closed?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
- What types of deposits are insured?
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.
