Voluntary Deposit Protection
Voluntary deposit protection offers additional security beyond the statutory guarantee, with banks able to set individual limits.
Protection of Deposits in the EU
In the European Union, the protection of bank customers’ deposits is ensured through various measures and directives, including deposit guarantee schemes. These schemes provide protection for customers’ deposits up to a specified amount in case of a bank’s insolvency. In addition to the statutory deposit guarantee (EinSig), there is also the possibility of voluntary deposit protection, which can offer customers additional protection and security.
Advantages of Voluntary Deposit Protection
The voluntary deposit protection aims to strengthen confidence in the EU’s banking and financial system by providing protection beyond legal requirements. It complements national security systems and helps to reduce the potential impacts of bank insolvencies on the economy and customers. For bank customers, their bank’s participation in a voluntary deposit guarantee scheme means an additional safety net that goes beyond the legally defined protection.
How it Works
We offer a wide range of financial services, including individual wealth advice, fixed-term and flexible deposits, as well as tailored solutions for asset management. Through our local presence and global perspective, you have access to first-class investment opportunities and exclusive financial products.
For customers of banks participating in the voluntary EU deposit protection scheme, this means increased protection of their deposits. This is particularly relevant for customers whose amounts exceed the statutory guarantee limit. In the event of a bank insolvency, they could thus be entitled to compensation that goes beyond the standard protection.