British Caribbean Bank Limited

Deposit Guarantee

Deposit Guarantee

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

Deposit Guarantee in British Caribbean Bank Limited

There is no deposit guarantee scheme in the Turks and Caicos Islands.

In the case of British Caribbean Bank Limited failure its depositors will not be paid out any compensation.