|FREQUENTLY ASKED QUESTIONS
|What is the Philippine Deposit Insurance Corporation (PDIC)?
|What is PDIC’s overall mandate?
|What are the functions of PDIC?
|What is PDIC’s maximum deposit insurance coverage?
|What is an insured deposit?
|Are all banks members of PDIC?
|What types of deposits are insured by PDIC?
|Are deposits maintained in branches and subsidiaries of foreign banks operating in the Philippines insured by the PDIC?
|Are deposits maintained in Philippine banks with branches outside the Philippines insured by the PDIC?
|What specific risks to a bank does PDIC cover?
|Shall the depositor pay any insurance premium to PDIC?
|How is insurance coverage determined?
|Can PDIC insurance coverage be increased by having several accounts in the same name in an insured bank?
|If I have deposits in several different insured banks, will my deposits be added together for insurance purposes?
|Is there a need for a depositor to file his claim for insured deposit with PDIC?
|When should the depositor of a closed insured bank file his claim with PDIC?
|What happens when the depositor of a closed bank fails to file his claim within the 24-month period?
|How long does it take PDIC to settle a claim for insured deposit?
|What processes are involved before PDIC starts servicing claims?
|How long does the pre-settlement examination take?
|If the deposit account in a closed bank is more than P500,000.00, what happens to the excess of the maximum amount of insured deposit?