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Home About Deposit Insurance What is not covered?
What is not covered? Print

In accordance with the Barbados Deposit Insurance Act, 2006-29, subsection 50(2), deposit insurance coverage does not apply to foreign currency deposits, letters of credit, standby letters of credit or instruments of a similar nature.  Interbank deposits, and deposits from affiliates are also not eligible for coverage under the Barbados Deposit Insurance Corporation’s scheme.

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pdf  Uninsurable Deposits 12.40 Kb

 

 
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Disclaimer

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.