Frequently Asked Questions
- Must a claim be filed in person?
- Is the depositor required to produce proof of ownership to the DIC or to the transferee institution?
- Can a depositor leave his/her deposit with the transferee institution?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.
