Site MapFeatured Downloads
BDIC Email Alerts
Site Map
- About BDIC
- Regulations & Legislation
- About Deposit Insurance
- News
- Publications
- Related Sites
- FAQ
- Would the uninsured balance, i.e. that portion of deposit(s) over BDS$25,000 for which a certificate was issued, ever be honoured by the DIC?
- Do depositors of a failed member institution have an unlimited time within which to make a claim on the Fund?
- Are certificates, deposit books and other documentary evidence of deposits held in a member institution are not relevant to making claims in the event of a failure?
- Can deposit insurance be claimed while the member institution is still continuing in operation?
- Are Mutual Funds covered by Deposit Insurance?
- Are beneficiaries under trust account arrangements insured separately?
- Does establishing more than one joint account in the same institution with the same names increase the insurance coverage?
- Are all financial institutions that take deposits are covered under the Deposit Insurance Fund?
- Does the Barbados Deposit Insurance Corporation (BDIC) have the power to close a member institution?
- What is Deposit Insurance?
- Why is deposit insurance important?
- How much does it cover?
- What is covered?
- Is my bank covered?
- How is Deposit Insurance calculated?
- Can a depositor leave his/her deposit with the designated member institution?
- Is the depositor required to produce proof of ownership to the DIC or to the designated member institution?
- In the event of a deposit transfer, how will a depositor know when and where he can withdraw his funds?
- What does a deposit transfer involve?
- What methods of payment may the DIC use in meeting its obligations to the depositors of a failed institution?
- What happens to those depositors whose accounts are subject to further examination?
- How is a depositor notified of the date and place of payment of his or her claim after an institution is closed?
- When can an eligible depositor expect to receive his or her money?
- How is a depositor notified that an institution in which he or she has a deposit, has been ordered to be closed?
- For depositors sending funds to lawyers for purchase of property is the limit still $25, 000.00?
- Are the deposits in a lawyer’s client account treated as a separate deposit?
- What happens if a member fails?
- How is Deposit Insurance funded?
- Questions normally asked during a payout?
- Forms
