Frequently Asked Questions
- What happens to those depositors whose accounts are subject to further examination?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- Who should file a claim if more than one person is authorised to draw on an account?
- If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?
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.
