Frequently Asked Questions
- When must a depositor file a claim?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- How quickly will the Liquidator make payments on certificates?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
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.
