European Depositary Bank S.A. (formerly M.M. Warburg & CO Luxembourg S.A.)

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 European Depositary Bank S.A.

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

European Depositary Bank S.A. is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it. In the case of European Depositary Bank S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors
natural persons
  • residents of Luxembourg
  • citizens of Luxembourg
  • foreign residents
  • foreign citizens
legal entities
  • micro, small and medium-sized enterprises
  • companies
Non-Eligible Depositors
financial institutions
Covered Accounts
all cash deposits, for example
  • current accounts
  • sight or term savings accounts
  • certain certificates of deposit
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Maximum Protected Amount
100,000 EUR
Temporary High Balance
2,500,000 EUR
Paid In Currency
EUR

Fonds de garantie des dépôts Luxembourg (FGDL)

283, route d’Arlon, L-1150 Luxembourg
(+352) 26 25 1-1
(+352) 26 25 1-2601

Further Information