Is my money at a foreign bank protected by the Dutch Deposit Guarantee?
The money in accounts at foreign banks operating in the Netherlands is protected by the deposit guarantee of the country of origin of that bank.
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Is everyone’s money protected?
The Dutch Deposit Guarantee automatically protects the money of all individuals and almost all firms and other organisations up to €100,000. The only exceptions are government organisations and financial firms.
What is deposit guarantee?
A deposit is a sum of money you hold with your bank, for example in a payment account or a savings account. Deposit guarantee means that the money in your bank accounts is guaranteed up to €100,000, even if your bank goes bankrupt.. The guarantee does not protect any products that are not deposits, such as investment products – including shares and bonds – insurance products or cryptos like bitcoin.
Who is protected?
The deposit guarantee applies to all account holders, such as:
- adults and minors
- individuals and firms
- foundations and other non-profit organisations
The only exceptions are government organisations and financial firms.
Which bank accounts are protected by deposit guarantee?
All of your bank accounts are covered by the deposit guarantee. These include:
- payment accounts
- savings accounts, including fixed-term deposits in which your money is tied up for a certain period of time
- joint accounts: if you share an account with someone else, both of you benefit from the maximum protection of €100,000, meaning your guaranteed amount totals €200,000. The maximum amount applies to all accounts combined, including any other accounts that you hold in addition to a joint account with the same bank.
Interesting articles
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Dutch people are insufficiently aware of deposit guarantee
The volume of savings at Dutch banks is rapidly increasing. At the same time, only a little over half of all Dutch people know about the protection of this money by the Dutch Deposit Guarantee. General awareness is lower among young people and women.
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95% of guaranteed savings deposits of bankrupt ATB now paid out
One month after the bankruptcy of Amsterdam Trade Bank (ATB), 95% of the guaranteed savings deposits have already been paid to ATB’s duped account holders. About 80% of all customers have applied for compensation.
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DNB activates deposit guarantee scheme for Amsterdam Trade Bank N.V. customers
On 22 April 2022, De Nederlandsche Bank (DNB) decided to activate the Dutch deposit guarantee scheme (DGS) for account holders of Amsterdam Trade Bank N.V. (ATB). DNB administers the Dutch Deposit Guarantee on behalf of the Dutch government.
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