Protecting your
deposits in Bermuda

The BDIC provides deposit insurance protection and support for Bermuda Dollar depositors, contributing to the stability of the financial sector in Bermuda, while minimising risk to the depositor

Glossary of Terms


Act: the Deposit Insurance Act 2011

BDIC: the Bermuda Deposit Insurance Corporation

BEDC: the Bermuda Economic Development Corporation

Board of Directors: the Board of Directors of the Bermuda Deposit Insurance Corporation

Fund: the Bermuda Deposit Insurance Fund

Rules: the Deposit Insurance Rules 2016

Scheme: the Bermuda Deposit Insurance Scheme

Scheme Member: A Scheme Member is defined in the Act as any bank or credit union that is licensed by the Authority. A list of Scheme Members may be found No record found.