|Yes (up to 100,000 EUR 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 Caja R. de Almendralejo, S.C.C. participates in the deposit guarantee scheme of Luxembourg.
In the case of Caja R. de Almendralejo, S.C.C. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, small businesses with headquarters in EU|
|Covered Accounts||all cash deposits|
|Maximum Protected Amount||100,000 EUR|
|Paid In Currency||EUR|