Deposit Guarantee Scheme

The Deposit Guarantee Scheme

All banks holding a banking authorisation granted by DNB are covered by the Deposit Guarantee Scheme. A bank is covered by the Scheme if the text on the left is one of the following.

  • Licensed to operate as a bank (Section 2:12(1) of the Financial Supervision Act), or
  • Licensed to operate as a bank, also offering investment services (Section 2:13(1) of the Financial Supervision Act), or
  • Bank affiliated with a central credit institution (Section 3:111 of the Financial Supervision Act).
  • Central credit institution (Section 3:111 of the Financial Supervision Act).

The register lists banks under their name given in the articles of association. A bank’s legal name is the name on the basis of which DNB has granted an authorisation. However, a bank may operate under several different names, which are referred to as trade names. Although you will also find these trade names in the register, they come under the bank’s legally registered name. Balances with a bank that operates under several different trade names are therefore jointly covered by the Scheme once, which means a maximum cover of EUR 100,000 in total.

Not all financial products of supervised banks are covered by the Scheme. In order to be sure that your specific financial products are covered, it is recommended that you contact the bank concerned.

Banks established in the European Union, Norway, Iceland or Liechtenstein, which together comprise the European Economic Area (EEA), and that have a branch office in the Netherlands or conduct internet-based operations are covered by their home country’s guarantee scheme.

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