Banca Agricola Commerciale Istituto Bancario Sammarinese s.p.a.

Deposit Guarantee

Deposit Guarantee
Yes (up to 50,000 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 Banca Agricola Commerciale Istituto Bancario Sammarinese s.p.a.

All credit institutions operating in San Marino are obliged to participate in San Marino's deposit guarantee scheme.

Banca Agricola Commerciale Istituto Bancario Sammarinese s.p.a. is a member of Guarantee Fund for Depositors and makes its contributions into it. In the case of Banca Agricola Commerciale Istituto Bancario Sammarinese s.p.a. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
50,000 EUR
Eligible Depositors
natural persons
  • residents of San Marino
  • citizens of San Marino
  • foreign residents
  • foreign citizens
legal entities
  • registered in San Marino
  • registered abroad
Non-Eligible Depositors
banks
pension and retirement funds
public authorities
Covered Accounts
current accounts
savings accounts
time deposit accounts
certificates of deposit
Non-Covered Accounts
deposits lower than 100 EUR
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency
Euro; if the depositor is resident abroad can be paid in the currency of his/her country of residence

Further Information

Similar Banks

ASSET BANCA
universal banking
Banca di San Marino s.p.a.
international banking, business banking
Banca Nazionale Sammarinese S.p.A.
private banking, corporate banking