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Home FAQ Does establishing more than one joint account in the same institution with the same names increase the insurance coverage?
Does establishing more than one joint account in the same institution with the same names increase the insurance coverage? Print E-mail

All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of BDS$25,000.

 
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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.