DICBQuestions organized by official categories.
Coverage, claims, loans, joint accounts, recovery, and trust/client asset questions.
What is the maximum deposit amount insured by the DIC?
Eligible deposits are covered up to B$50,000 per depositor at each member institution, subject to official rules.
Must I apply or register for protection?
No. Deposit insurance is automatic for eligible deposit accounts at DIC member institutions.
Are foreign currency deposits insured?
No. The scheme protects eligible Bahamian dollar deposits only.
Will deposits in several banks be aggregated?
No. Deposits at different member institutions are protected separately.
How are joint accounts insured?
Joint accounts are insured separately from individual accounts, with co-owner interests treated as equal unless records show otherwise.
What happens if I also have a loan?
Loans owed to the failed institution are deducted from deposit balances when calculating the insured amount.
How do I file a claim?
A depositor files an official claim form with evidence of deposit ownership and identity within the required period.
How are trust or client assets handled?
Trust or client deposits are insured separately when records support the trustee, beneficiary, and ownership relationship.