|Yes (up to 85,000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of EU-banks operating in Spain participate in deposit guarantee schemes of their home countries. This means that HSBC France, S.E. participates in the deposit guarantee scheme of the United Kingdom.
In the case of HSBC France, S.E. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85,000 GBP|
|Paid In Currency||GBP|