Deposit Protection

What is deposit insurance?

Statutory deposit insurance within the European Union reflects the political will to protect European savers from the consequences of possible bank insolvency. As a result, bank deposits are secured up to an equivalent of 100,000 EUR per customer and bank. This means that if a bank goes bankrupt and can no longer repay your deposits, you will receive your money back in full up to the insurance limit through the statutory deposit insurance system. This compensation scheme primarily serves to protect private investors and businesses.Beyond the minimum requirements of statutory deposit insurance, many credit institutions offer additional voluntary deposit insurance by paying into further deposit insurance funds. Furthermore, the state guarantee plays an enormous role in security.The three pillars of deposit insurance:

• Statutory deposit insurance
• Voluntary deposit insurance

Throughout Europe, the minimum requirements for statutory deposit insurance have been continuously developed over many years to improve investor protection in the European Union: Since July 2015, gradual implementation has been taking place in all EU member states.