ASN Groenbank NV

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 ASN Groenbank NV

All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

ASN Groenbank NV is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it. In the case of ASN Groenbank NV 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
500,000 EUR
Eligible Depositors
private individuals
legal entities
Non-Eligible Depositors
banks
credit unions
investment firms
insurance and re-insurance companies
pension funds
public authorities
Covered Accounts
current accounts
savings accounts
term deposits
credit balances on credit card accounts
sealbag accounts
Non-Covered Accounts
bank savings deposits in respect of home purchase loans
subordinated deposits
investments, e.g. securities accounts and bearer bonds
insurance products
electronic money
Paid In Currency
EUR

Further Information

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