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Home FAQ When can an eligible depositor expect to receive his or her money?
When can an eligible depositor expect to receive his or her money? Print E-mail

The DIC is statutorily obligated to commence payment to depositors within three months of closure of an institution.

 
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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.