Frequently Asked Questions
- When must a depositor file a claim?
- Which institutions depositors are insured by the DIC?
- 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?
- Who should file a claim if more than one person is authorised to draw on an account?
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.
