Frequently Asked Questions
- When must a depositor file a claim?
- What happens if a depositor expects to be paid an amount that is different from what the DIC pays?
- Is the insurance protection increased by placing funds in two or more types of deposit accounts in the same institution?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
Did You Know?
- Misconception: Depositors of a failed member institution would receive payment immediately upon closure of the failed member. - Fact: The legislation governing the operations of the Deposit Insurance system provides for payout to commence within 3 months of the closure of a member institution.
