|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 credit institutions operating in Spain are obliged to participate in Spanish deposit guarantee scheme.
In the case of Caja de Ahorros de Vitoria y Álava failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||credit balances on accounts, nominative deposit certificates constituted in the EU|
|Maximum Protected Amount||100,000 EUR|
|Paid In Currency||EUR|