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 BNG Bank NV
All credit institutions operating in the Netherlands are obliged to participate
in the Netherlands' deposit guarantee scheme.
BNG Bank NV is a member of Deposit Guarantee Fund (DGF) and makes its contributions into it. In the case of BNG Bank NV failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
insurance and re-insurance companies
credit balances on credit card accounts
investments, e.g. securities accounts and bearer bonds
bank savings deposits in respect of home purchase loans
Banking Products in the Netherlands
8 September 2015
13 November 2019
1 November 2017
4 October 2019