Countries › Dominican Republic › Guide › 10. Capital markets and finance › Deposit guarantee and bank failure in the Dominican Republic

Deposit guarantee and bank failure in the Dominican Republic

Last verified: 2026-10-30 · Status: Stable

Deposits are covered by the Fondo de Contingencia up to RD$1,860,000, and within 30% of the privileged obligations of the failed entity. Entities pay in at a minimum of 0.1% a year of public funding, quarterly. The guarantee pays only through the statutory dissolution process, and a voluntary liquidation is possible only after all deposits are returned.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, rounded to the cent.

Key facts

Deposit guarantee limit	1860000 DOPLey 183-02 art. 64 literal c; Primera Resolución JM 15 Dec 2020, as of 2020-12-15 · in force
Minimum annual contribution rate	0.1 % of public fundingLey 183-02 art. 64 literal a, as of 2026-10-30 · in force
Overall cap on guarantee	30 % of privileged obligationsLey 183-02 art. 64 literal c, as of 2026-10-30 · in force
Reference selling rate used for USD conversions	60.9007 DOP per USDBanco Central reference rate, as of 2026-10-29 · in force

The rule

1. The Banco Central runs a separate Fondo de Contingencia built from mandatory contributions and used only in the dissolution procedure of art. 63.Ley 183-02 Monetaria y Financiera, art. 64, 2002-11-21 official text · verified 2026-10-30

2. Contributions are calculated on total public funding at a minimum annual rate of 0.1%, payable quarterly and debited automatically from the entity's account at the Banco Central. They are an expense of the entity.
Cost to do it: 0.1% a year of public funding at minimum.Ley 183-02 Monetaria y Financiera, art. 64 literal a, 2002-11-21 official text · verified 2026-10-30

3. Contributions stop when the fund exceeds 5% of total public funding of the system and resume if it falls below that level.Ley 183-02 Monetaria y Financiera, art. 64 literal a, 2002-11-21 official text · verified 2026-10-30

4. Public deposits are guaranteed up to RD$1,860,000 and up to 30% of total privileged obligations of the entity in dissolution.
Example: RD$1,860,000 / US$30,541.52Ley 183-02 Monetaria y Financiera, art. 64 literal c, as amended by Primera Resolución JM of 15 December 2020, 2002-11-21 official text · verified 2026-10-30 · changed: The Junta Monetaria raised the limit from the original RD$500,000 by Primera Resolución of 15 December 2020.

5. The guarantee can be paid only through the art. 63 dissolution procedure.Ley 183-02 Monetaria y Financiera, art. 64 literal c, 2002-11-21 official text · verified 2026-10-30

6. Entities must correct regulatory breaches at once, and regularization plans apply on the causes in the law.Ley 183-02 Monetaria y Financiera, art. 59 and art. 60, 2002-11-21 official text · verified 2026-10-30

7. Regulatory insolvency arises when the solvency ratio falls below the statutory floor.Ley 183-02 Monetaria y Financiera, art. 46 literal e, 2002-11-21 official text · verified 2026-10-30

8. Liquidation by a three person administrative commission is a subsidiary last resort, used if dissolution fails and for the residual balance.Ley 183-02 Monetaria y Financiera, art. 65 literal a, 2002-11-21 official text · verified 2026-10-30

9. Voluntary liquidation is available only after the entity has returned all deposits and other due liabilities, with a favourable Superintendencia report and Junta Monetaria approval, which revokes the licence.Ley 183-02 Monetaria y Financiera, art. 65 literal b, 2002-11-21 official text · verified 2026-10-30

10. Banco Central credit to banks is limited to temporary liquidity shortfalls not caused by solvency problems, up to 1.5 times paid in capital, against collateral worth at least 1.5 times principal, for up to 30 calendar days.Ley 183-02 Monetaria y Financiera, art. 33 literal a, 2002-11-21 official text · verified 2026-10-30

11. Account balances with no owner activity for 10 years count as abandoned. If not claimed within six months of publication they go to the Banco Central for a further 10 years and then to the Fondo de Contingencia.Ley 183-02 Monetaria y Financiera, art. 56 literal c, 2002-11-21 official text · verified 2026-10-30

Worked example

A company holds RD$3,000,000 (US$49,260.52) in a failed bank. At most RD$1,860,000 (US$30,541.52) is covered, leaving RD$1,140,000 (US$18,719.00) to be claimed in the process, and even the covered sum is subject to the 30% limit on privileged obligations.
A bank with RD$10,000,000,000 (US$164,201,725.10) of public funding pays at least RD$10,000,000 (US$164,201.73) a year, or RD$2,500,000 (US$41,050.43) a quarter.

Step by step

Check that the institution is an authorized entity on the Superintendencia list.
Split large balances across entities if guarantee cover matters to the treasury policy.
Keep account activity alive to avoid abandonment.
In a failure, follow the Banco Central and Superintendencia notices under art. 63.

Common traps

The 2003 fund regulation on the Superintendencia site still shows RD$500,000. The annotated law text shows RD$1,860,000. No later update was found on verification, and the fund regulation provides for indexation, so confirm the current figure.
The guarantee is not a free standing right to payment: there is no route outside art. 63.
The fund regulation applies the limit per depositor, so a corporate treasury balance above the limit is not fully protected.

Sources

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