Frequently Asked Questions
- When can an eligible depositor expect to receive his or her money?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- How quickly will the Liquidator make payments on certificates?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.