Cristian Terheş· ECR

Confirmed

Deposit guarantee systems offer protection of up to 100,000 euros per depositor

Omissions

• The protection applies per depositor per credit institution (bank), meaning a depositor can have multiple protected deposits at different banks.
• The €100,000 limit applies to the aggregate deposits of each depositor at one institution.
• Temporary high balances (e.g., from real estate transactions) may be protected above €100,000 for up to 3 months.

Sources

• PrimaryEUR-Lex - Directive 2014/49/EUArticle 6: Coverage level of EUR 100,000 for aggregate deposits of each depositor
• PrimaryEuropean Commission - Deposit Guarantee SchemesDeposit guarantee schemes protect depositors' savings by guaranteeing deposits of up to €100,000
• PrimaryEuropean Banking Authority - Deposit Guarantee Schemes DataThe level of deposit protection in the EU is harmonised at €100,000