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 Achmea Bank NV
All credit institutions operating in the Netherlands are obliged to participate
in the Netherlands' deposit guarantee scheme.
Achmea Bank NV is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it. In the case of Achmea Bank NV failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
private individuals legal entities
banks credit unions investment firms insurance and re-insurance companies pension funds public authorities
current accounts savings accounts term deposits credit balances on credit card accounts sealbag accounts
bank savings deposits in respect of home purchase loans subordinated deposits investments, e.g. securities accounts and bearer bonds insurance products electronic money