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 levoBank eG
All credit institutions operating in Germany are obliged to participate
in German deposit guarantee scheme.
levoBank eG is a member of BVR Institutssicherung GmbH and makes its contributions into it. In the case of levoBank eG failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
individuals partnerships companies of any size
credit institutions financial institutions investment firms public authorities