Deposit guarantee scheme

The money in Dutch bank accounts is legally protected by the Dutch Deposit Guarantee (the deposit guarantee scheme, DGS). De Nederlandsche Bank (DNB) administers the deposit guarantee on behalf of the Dutch government. If a bank goes bankrupt, DNB will make sure that account holders get their money back, up to a maximum of €100,000 per person, per bank. DNB and the Deposit Guarantee Fund (DGF) are jointly responsible for the DGS. The DGF is a separate legal entity that manages the financial means and makes them available when needed. The financial means consist of contributions from individual banks. In addition to contributing to the DGF, the banks provide data which DNB needs to administer the DGS, and they provide their customers information about the DGS. DNB has elaborated the DGS obligations for banks in policy rules, guidance documents and information. In doing so, DNB complies with the DGS Directive (2015), which has been transposed into Dutch law The following themes are covered: