Frequently Asked Questions
- When must a depositor file a claim?
- When is deposit insurance payable?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
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.
