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Home FAQ Is the depositor required to produce proof of ownership to the DIC or to the designated member institution?
Is the depositor required to produce proof of ownership to the DIC or to the designated member institution? Print E-mail

The depositor has to satisfy the DIC or designated member institution that he/she is the rightful owner of the deposit claimed.

 
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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.