Under the Barbadian deposit insurance system, depositors enjoy protection for their deposits under the law. Depositors of the banking system are protected, up to a maximum of $25,000, per depositor, per bank.

You should use this calculator only for the purpose of getting an idea of your deposit insurance payment calculations. The information generated by the calculator is for information purposes only. The BDIC is not bound by these calculations and is not liable for any miscalculations. 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.

Please note that the BDIC does not record or store any of the information entered in the calculator so you can calculate in privacy.