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Hong Kong Deposit Protection Board is an independent and statutory institution formed to manage and supervise the operation of Deposit Protection Scheme. The maximum protection amount of deposit was HK$100,000 in 2006 (when the Hong Kong Deposit Protection Board was set up).
The Tenancy Deposit Scheme (TDS) My Deposits; Deposit Protection Service (DPS) The Custodial schemes are free to use and the landlord or letting agents can simply pay the deposit online or over the phone. The money is held in a bank account by the Scheme and transferred directly to the tenant once both parties agree on the total sum of money to ...
It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank. The ...
The FSCS protects UK authorised banks, building societies and credit unions up to £85,000 per depositor in the event of their insolvency. If deposits or savings are in a joint account the total of FSCS protection doubles to £170,000. FSCS protection for deposits is free and automatic.
Trust accounts provided a loophole to insure more than $250,000. Under the old FDIC rules, each beneficiary of the trust would get $250,000 in insurance protection.
The Deposit guarantee scheme of German banks (Entschädigungseinrichtung deutscher Banken in German) is a private institution legally responsible for guaranteeing the deposits of account holders of German banks in accordance with domestic legislation and EU directives.
The FDIC is an independent agency of the U.S. government that insures savings accounts, certificates of deposit, money market deposit accounts and other deposit accounts for up to $250,000 as a ...
The DPF is funded by premiums charged to every licensed deposit-accepting financial institution in the country. Each account is protected up to UGX:10 million. [6] The law provides for all depositors to be paid within 90 days of a bank failure and that the failing institution must be sold by auctioning its assets within six months of its seizure by the BoU.