Yes (up to 100,000 EUR per depositor)
Deposit guarantee scheme is a financial stability mechanism
implemented in many countries to protect bank depositors against the loss of their deposits
in the case when a bank is unable to meet its obligations to depositors
by compensating certain deposits held by depositors of the bank.
This compensation is paid out from the contributions which banks have made
into a deposit guarantee fund.
Deposit Guarantee in THE BANK OF NEW YORK MELLON
All credit institutions operating in Belgium are obliged to participate
in Belgian deposit guarantee scheme.
THE BANK OF NEW YORK MELLON is a member of Guarantee Fund for Financial Services and makes its contributions into it. In the case of THE BANK OF NEW YORK MELLON failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Belgian citizensBelgian residentsforeign citizensforeign residents
associationsprofessional associationsfoundationsindividual entrepreneurscompanies regardless of its status or size
state and public authorities
time deposit accounts
Guarantee Fund for Financial Services
Avenue des Arts 30, B-1040 Bruxelles, Belgium
+32 2574 78 40
Banking Products in Belgium
8 September 2015
12 November 2019
3 October 2019