Frequently Asked Questions
- What types of deposits are insured?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- What happens to those depositors whose accounts are subject to further examination?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.