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 Nazionale Sammarinese S.p.A.
All credit institutions operating in San Marino are obliged to participate
in San Marino's deposit guarantee scheme.
Banca Nazionale Sammarinese S.p.A. is a member of Guarantee Fund for Depositors and makes its contributions into it. In the case of Banca Nazionale Sammarinese S.p.A. failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
residents of San Marino
citizens of San Marino
registered in San Marino
banks pension and retirement funds public authorities
current accounts savings accounts time deposit accounts certificates of deposit
deposits lower than 100 EUR
all currencies, namely
Paid In Currency
Euro; if the depositor is resident abroad can be paid in the currency of his/her country of residence