Turks & Caicos Banking Company Ltd

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 Turks & Caicos Banking Company Ltd

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

In the case of Turks & Caicos Banking Company Ltd failure its depositors will not be paid out any compensation.

Similar Banks

Bordier Bank (TCI) Ltd Logo Bordier Bank (TCI) Ltd
private banking, asset management
British Caribbean Bank Limited Logo British Caribbean Bank Limited
retail banking, corporate banking
RBC Royal Bank (Bahamas) Limited Logo RBC Royal Bank (Bahamas) Limited
retail banking, business banking
Scotiabank (Turks and Caicos) Ltd. Logo Scotiabank (Turks and Caicos) Ltd.
retail banking, business banking

See Also

Related Articles