EU-wide standard
EU Directive 2014/49/EU harmonises deposit protection in every member state.
- €100,000 per customer per bank
- Joint accounts: €100,000 per holder
- Applies to savings and fixed-term deposits
Deposit protection
Your savings are protected up to €100,000 per bank
Across the European Union, deposits at licensed banks are covered by a national deposit guarantee scheme up to €100,000 per customer per bank.
National schemes
Each country runs its own scheme, for example the EdB in Germany or the FGDR in France.
- Germany: Entschädigungseinrichtung deutscher Banken
- France: FGDR
- Spain: FGD · Belgium: Guarantee Fund
Outside the EU
EEA countries such as Norway run equivalent schemes with their own limits.
- Norway: Bankenes sikringsfond
- Limits may differ from €100,000
- Each offer lists its scheme and limit
How payout works if a bank fails
- 1
The national supervisor determines that the bank can no longer repay deposits.
- 2
The deposit guarantee scheme takes over responsibility for covered deposits.
- 3
Customers are compensated up to the limit, normally within 7 working days.
- 4
Amounts above the limit are claimed in the bank’s insolvency proceedings.
Frequently asked questions
Is the limit per account or per bank?
Per customer per bank. Several accounts at the same bank are added together and covered up to €100,000 in total.
Are temporary high balances covered?
Many schemes protect temporary high balances, for example from a property sale, above €100,000 for a limited period. Check the rules of the relevant national scheme.
Where can I see which scheme applies?
Every offer and bank profile shows the stated guarantee scheme and protection limit, with a link to the official source.
What is not covered?
Investments such as shares, funds and bonds are not deposits and are not covered by deposit guarantee schemes.
Compare offers and see the protection scheme for each bank.
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