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Frequently Asked Questions
- If a depositor has an account in the main office of an institution and also at a branch office, are these accounts separately insured?
- Will the Corporation offset a deposit balance held by a customer against the balance due on the loan?
- Are any other cash liabilities of financial institutions covered?
- Must a claim be filed in person?
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.