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Home FAQ Can deposit insurance be claimed while the member institution is still continuing in operation?
Can deposit insurance be claimed while the member institution is still continuing in operation? Print E-mail

Deposit insurance is ONLY activated upon closure of a member 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.