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 Citibank Europe plc, organizační složka
All branches of foreign banks operating in the Czech Republic participate
in deposit guarantee schemes of their home countries. This means that Citibank Europe plc, organizační složka
participates in the deposit guarantee scheme of Ireland.
Citibank Europe plc, organizační složka is a member of Irish Deposit Protection Scheme and makes its contributions into it. In the case of Citibank Europe plc, organizační složka failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
collective investment schemes
certain other financial institutions
current accountsdemand deposit accountsnotice deposit accountscertificates of depositfixed-term deposit accountsshare accounts in a building society or credit uniondeposit element of structured deposits/tracker bonds may also be eligiblecredit balances on credit cards issued by credit institutions may also be eligible
any credit balance on an account with a bank, for example
Irish Deposit Protection Scheme
3 Upper Mayor Street, Spencer Dock, P.O. Box 11517, Dublin, Ireland
Banking Products in the Czech Republic
8 September 2015