Deposit Insurance Corporation

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

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By accessing and using any part of this Website, you shall be deemed to have accepted to be legally bound by these Terms of Use. If you do not agree to these Terms of Use, please do not use this Website.

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Manager of Bank Supervision Department
Central Bank of The Bahamas
P. O. Box N-4868
Nassau, Bahamas
Email: bsd@centralbankbahamas.com

Disclaimer

The DIC provides no warranty, express or implied:

The DIC shall not be liable for any direct or indirect loss or damage, howsoever caused, arising out of or in connection with the use of this Website or any material contained in it. Links to other sites are provided for your convenience. We accept no liability for any error or omission on this site for the content of those sites or of any external site that links to this site.

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What is Deposit Insurance?

In simple terms, deposit insurance provides peace of mind in the unlikely event your bank should experience difficulty and be forced to close. Read on for details on the who and what of the coverage we provide.

Is Your Bank A Member?

Need to know if your bank is a member of the program, and that your funds are insured? Our up-to-date list of member banks will answer your questions.

Got Questions?

Visit our
Frequently Asked Questions
pages for the answers!