Frequently Asked Questions
- Who should file a claim if more than one person is authorised to draw on an account?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
Did You Know?
- Misconception: Beneficiaries under all trust account arrangements are insured separately. - Fact: The interests held by beneficiaries established under an irrevocable express trust account are insured separately up to the maximum TT$125,000 prescribed limit. Additionally, interests in accounts held by the Settlor, Trustee or Administrator of an irrevocable trust account are insured separately from the interests of the beneficiaries named under …