Frequently Asked Questions
- What types of deposits are insured?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- What procedure does the DIC follow after an institution has been closed?
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.
