The Barbados Deposit Insurance Corporation (BDIC) is a statutory corporation which was established under the Deposit Insurance Act (2006). The BDIC commenced operations on June 8, 2007, and provides insurance coverage of up to BDS$25,000 for depositors of commercial banks, as well as deposit-taking trust and finance companies.
The Barbados Deposit Insurance Corporation is an extension of the financial sector safety net, contributing to the maintenance of public confidence in deposit-taking institutions within the financial system.
The Deposit Insurance Corporation is located on Level 5 of the Tom Adams Financial Centre, Bridgetown. Our contact information is as follows:
Please Note: This website is designed to give general information about deposit insurance and should not be relied upon as definitive. The actual deposit insurance coverage provided by BDIC following the failure of a member institution is based on the deposit account records at the failed member institution and is governed by the Deposit Insurance Act.