Your deposits are protected up to B$50,000 per depositor, per member institution.
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About DIC

Institutional information and governance.

The Deposit Insurance Corporation provides protection and support for Bahamian dollar depositors.

About DIC

Learn about the Corporation's mission, governance, fund management, and legal framework.

Our MissionWho We AreThe BoardCorporate GovernanceDeposit Insurance FundLegal Framework

Our Mission

To provide deposit insurance protection and support for Bahamian dollar depositors, contributing to the stability of the Bahamian financial sector through minimizing risk to depositors.

Values

ExcellenceIntegrityReliabilityCommunication

Who We Are and What We Do

DIC is a public corporation established under the Protection of Depositors Act. It insures eligible deposits at member institutions and manages the Deposit Insurance Fund.

Membership is compulsory for licensed banks and registered co-operative credit unions with Bahamian dollar deposits.

The Board

The DIC is governed by a Board of Directors accountable to the Minister of Finance. The Board includes the Governor of the Central Bank as Chairman, Central Bank representatives, the Financial Secretary, and directors appointed for their experience in financial, commercial, legal, industry, or administrative matters.

Corporate Governance

The DIC administers the Corporation and manages the Deposit Insurance Fund. Its responsibilities include collecting premiums from member institutions, paying compensation to insured depositors when required, and educating the public on deposit insurance.

The Central Bank of The Bahamas provides daily operational and administrative support, and the DIC undergoes an annual audit.

Deposit Insurance Fund

The Deposit Insurance Fund is built from member premium contributions and invested in safe, liquid assets. The Fund is used to provide deposit coverage if a member institution is closed after official action.