The money in your bank accounts is protected from 1 cent up to a maximum of €100,000 per person or company, per bank.
There are four important rules to remember about this limit.
Rule 1 – The protection applies per person or company, not per bank account.
If you have several accounts in one bank, you must add up the money in these accounts. The maximum protection of €100,000 applies to the total amount that you have with the bank.
Rule 2 – For joint accounts, the coverage limit applies to each account holder separately.
For example, if you and your partner have a joint account, you are both protected by the Deposit Guarantee up to €100,000. Together, you are therefore protected up to a maximum of €200,000.
Rule 3 - The protection applies per bank.
You may have accounts with several banks. You are then protected at every bank participating in the Dutch Deposit Guarantee up to the limit of €100,000 per person per bank. Always check that each bank has its own licence and is not a different brand name from the same bank.
Rule 4 - In the event of a temporarily high deposit due to the purchase or sale of your house, you may be eligible for additional protection.
The Dutch Deposit Guarantee provides three months of additional protection for a temporarily high deposit that is related to the fulfilment of a sale or purchase agreement – i.e. the purchase or sale – of an owner-occupied home. The additional protection is linked to the amount of the sale or purchase agreement and is limited to €500,000 per person per bank.