Frequently Asked Questions
- When can an eligible depositor expect to receive his or her money?
- What happens to cheques which are not cleared on a depositor’s account before the business of the institution is closed?
- What happens to those depositors whose accounts are subject to further examination?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed 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.
