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 Western Union International Bank Gmbh
All branches of EU-banks operating in Italy participate in
deposit guarantee schemes of their home countries. This means that Western Union International Bank Gmbh
participates in the deposit guarantee scheme of Austria.
Western Union International Bank Gmbh is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it. In the case of Western Union International Bank Gmbh failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
legal entities, for example
limited liability companies
federal government regional government local governments financial institutions securities firms
all balances on interest-bearing and non-interest bearing accounts, such as