Understanding Deposit Insurance Fundamentals Globally
Understanding Deposit Insurance Fundamentals Globally
Feb 17, 2025
cgaa.org
Depositors do not pay for deposit insurance. This is a public policy requiring banks to cover the assessment dues. PDIC’s deposit insurance protects deposits in banks up to the maximum deposit insurance coverage of P500,000 per depositor, per bank. To know more about deposit insurance, download the brochure, “Understanding Deposit Insurance” in English, Filipino, Cebuano, or Ilocano at www.pdic.gov.ph/pdicbrochures or watch the animated explainer video, Deposit Insurance: Mga Dapat Alamin, on Yo
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🎉 CODI turns 1! The Corporation for Deposit Insurance (#CODI) is celebrating one year since becoming operational — a key milestone in protecting depositors and strengthening SA’s financial system. If a bank fails, CODI will use the established Deposit Insurance Fund (DIF) to give qualifying depositors access to up to R100 000 of their covered deposits. In the past, when a bank failed, the government used taxpayers’ money to compensate affected depositors on a case-by-case basis. 🔗 Learn more:
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