S-Pankki Oy

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 S-Pankki Oy

All credit institutions operating in Finland are obliged to participate in Finnish deposit guarantee scheme.

S-Pankki Oy is a member of Deposit Guarantee Fund (RVV) and makes its contributions into it. In the case of S-Pankki Oy failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Temporary High Balance
Eligible Depositors
natural persons
  • citizens of Finland
  • residents of Finland
  • foreign citizens
  • foreign residents
legal entities
  • registered in Finland
  • registered abroad
  • companies
  • associations
  • foundations
Non-Eligible Depositors
public authorities
municipalities and joint municipal authorities
credit institutions
investment firms
management companies
alternative investment fund managers (AIFMs)
financial institutions
insurance companies
insurance associations
pension foundations
insurance funds
Covered Accounts
deposit products offered by deposit banks, including
  • demand deposit accounts
  • fixed-term accounts
  • home savings incentive accounts
  • long-term savings accounts
  • investment-linked deposits
Non-Covered Accounts
investment accounts
money-market investments
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency

Deposit Guarantee Fund (RVV)

Työpajankatu 13 , PO Box 70 , 00581 Helsinki, Finland
+358 295 253 500

Further Information

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