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 FIMBank plc
All credit institutions operating in Malta, except for branches
of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.
FIMBank plc is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it. In the case of FIMBank plc failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
residents of Maltacitizens of Maltaforeign residentsforeign citizens
registered in Maltaregistered abroad
collective investment undertakings
pensions and retirement funds
current accountstime deposit accountssavings accountsany accounts which, at the time of the banks’ failure, may be in credit (such as credit card accounts and overdrafts)
most types of deposit are covered, including
Depositor Compensation Scheme (DCS)
Notabile Road, Attard BKR3000, Malta
+356 254 855 65