OnVista Bank GmbH

Deposit Guarantee

Deposit Guarantee
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 OnVista Bank GmbH

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

OnVista Bank GmbH is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it. In the case of OnVista Bank GmbH failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Temporary High Balance
500,000 EUR
Eligible Depositors
individuals
partnerships
companies of any size
Non-Eligible Depositors
credit institutions
financial institutions
investment firms
public authorities
Covered Accounts
all deposit accounts, including
  • current accounts
  • savings accounts
  • term deposit accounts
  • overnight money or time deposits
  • registered savings bonds
  • and similar
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency
EUR

Entschädigungseinrichtung deutscher Banken GmbH (EdB)

Burgstraße 28, 10178 Berlin, Germany
+49 30 59 00 11 96-0

Further Information

Similar Banks

NRW.BANK Logo NRW.BANK
regional development banking
ODDO SEYDLER BANK AG Logo ODDO SEYDLER BANK AG
corporate banking
Opel Bank S.A. Niederlassung Deutschland Logo Opel Bank S.A. Niederlassung Deutschland
vehicle financing for Opel brands
Otto M. Schröder Bank AG Logo Otto M. Schröder Bank AG
asset and wealth management
OYAK ANKER Bank GmbH Logo OYAK ANKER Bank GmbH
retail and corporate banking

See Also

Related Articles