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If that is not feasible, Ms. Gambrell said, the depositor should ask the bank if it will inquire about the check or directly contact the issuing bank to confirm that it is valid.
An intended depositor should be familiar with the modalities and operation of IDA, the legalities involved, and the responsibilities of the depositors themselves.
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"If it can be avoided," he said, "uninsured depositors should not be touched".
Depositors should have known there were risks attached to such high rewards.
"Our goals are exactly the same," Diamond says, explaining that Barclays believes depositors should be protected.
"Other depositors should keep on fighting," she said, "because we have opened the door for them".
It has long been accepted that retail depositors should be protected, to maintain their faith in the financial system.
Half the money, it says, has come from worried depositors, especially those with accounts at city banks.But maybe depositors should not worry.
Mr. Medvedev, speaking in a meeting with a deputy prime minister, Igor Shuvalov, said the consequences of imposing losses on depositors should be studied carefully.
In the event of the collapse of a bank, the commission suggests that claims of depositors should be ranked higher than those of unsecured creditors.
And Nicos Anastasiades, the new president of Cyprus, was adamant that any tax levied on big depositors should be kept below 10%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com