DID YOU KNOW...?
The DIC calculates the insured amount on both principal and interest amounts.
Only banks licensed by the Central Bank and that have Bahamian Dollar business are members of the DIC.
Opening several accounts in different branches of the same bank or at the same branch will not increase your insurance deposit payout.
Deposits held at different member institutions are separately insured.
Deposit insurance is available for eligible deposits, up to a maximum of B$50,000.
Deposits held in the name of a sole proprietor are insured in the single account category, and therefore aggregated with the personal deposits of the business owner, when determining insurance cover.
Loans will be deducted from monies owing to you in calculating insurance cover.
Money held in a joint savings account (e.g. husband and wife) are insured separately from money held in saving accounts individually owned.
About DIC
Board of Management
As at January 2016, the members of the Board of Management of the DIC are as follows:–
- Governor John Rolle, Chairman
- Simon Wilson, Director
- Lorne Basden, Director
- Aluchifer Rolle, Director
- Karen Rolle, Director
- Rochelle Deleveaux, Director