Frequently Asked Questions
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- What is a DIC certificate?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- Can a depositor leave his/her deposit with the transferee institution?
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.