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Home FAQ Are beneficiaries under trust account arrangements insured separately?
Are beneficiaries under trust account arrangements insured separately? Print E-mail

The interests held by beneficiaries established under an irrevocable express trust account are insured separately up to the maximum BBD$25,000 prescribed limit. Additionally, interests in accounts held by the Settlor, Trustee or Administrator of an irrevocable trust account are insured separately from the interests of the beneficiaries named under an irrevocable express trust account.

 
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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.