Caja de Ahorros y M.P. de Extremadura

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 Caja de Ahorros y M.P. de Extremadura

All credit institutions operating in Spain are obliged to participate in Spanish deposit guarantee scheme.

Caja de Ahorros y M.P. de Extremadura is a member of Fondo de Garantía de Depósitos de Entidades de Crédito (FGD) and makes its contributions into it. In the case of Caja de Ahorros y M.P. de Extremadura failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors
natural persons
legal entities
Non-Eligible Depositors
credit institutions
insurance entities
investment companies
portfolio management companies
venture capital companies
Covered Accounts
credit balances on accounts, including
  • current accounts
  • savings accounts
  • time-deposit accounts
Non-Covered Accounts
bearer accounts
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Maximum Protected Amount
100,000 EUR
Paid In Currency
EUR

Fondo de Garantía de Depósitos de Entidades de Crédito (FGD)

Jose Ortega y Gaset 22, 28006 Madrid Madrid, Spain
+34 91 431 66 45

Further Information