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Deposit Guarantee System

The Deposit Guarantee Scheme (DGS) is a solution for bank account holders. If a bank goes bankrupt, the scheme guarantees bank balances (deposits) up to a maximum of EUR 100,000. The guarantee applies to most account holders and almost all types of accounts. The supervisory authority De Nederlandsche Bank N.V. is responsible for the implementation of the deposit guarantee scheme.

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For a detailed explanation, please visit the website of De Nederlandsche Bank N.V..

What is covered by the guarantee scheme?

The deposit guarantee system applies to funds (regardless of the currency) on:

  • Payment accounts (current account)
  • Savings accounts
  • Time deposits
  • Life-course savings accounts

Which products are not covered by the DGS ?:

  • Bank savings deposits of debt related to own property
  • Subordinated deposits
  • Investments, such as securities accounts and bearer bonds
  • Insurances
  • Virtual currencies

Which account holders are eligible for the deposit guarantee scheme?

  • private account holders (natural persons)
  • legal entity (BV - NV - Foundation - Association)

And / or accounts:

If the account is in the name of two (or more) persons (one and/or account or one and/and account) with one bank, they are each separately eligible for reimbursement from the DGS. All account holders will be reimbursed a proportional part, unless demonstrably agreed otherwise in advance. If the balance of the and/or account of two account holders is EUR 200,000, each can claim EUR 100,000. If an account holder has several accounts with one bank, the maximum amount of EUR 100,000 applies to the balances on all accounts.

Parties excluded from the deposit guarantee scheme?:

  • Governments
  • Banks
  • Pension funds
  • Insurance companies
  • Investment firms

Reimbursement of credits:

To initiate the repayment, De Nederlandsche Bank will provide information on the website and in national journals about the procedure on how to apply for compensation and any advance payment.

Click here to open the Information Sheet DGS

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