Frequently Asked Questions
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- Who should file a claim if more than one person is authorised to draw on an account?
Did You Know?
- Misconception: Mutual Funds are covered by Deposit Insurance. - Fact: Mutual funds, be they general or issued as a member’s proprietary funds, are NOT covered by deposit insurance.