Frequently Asked Questions
- Are any other cash liabilities of financial institutions covered?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- Which institutions depositors are insured by the DIC?
Did You Know?
- Misconception: Placing funds in different types of deposits such as CDs, Chequing, Savings with the same member institution would increase insurance coverage. - Fact: Deposits held by the same person in the same member institution in the form of CD’s, Chequing and Savings accounts are added together and insured up to a maximum of TT$200,000.
