Frequently Asked Questions
- What is a Liquidator’s certificate?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
- What does a deposit transfer involve?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same 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.
