Moneycorp Bank Limited

Deposit Guarantee

Deposit Guarantee
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 Moneycorp Bank Limited

All credit institutions operating in Gibraltar are obliged to participate in Gibraltar deposit guarantee scheme.

Moneycorp Bank Limited is a member of Gibraltar Deposit Guarantee Scheme (GDGS) and makes its contributions into it. In the case of Moneycorp Bank Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Eligible Depositors
natural persons
  • individuals, residents of Gibraltar
  • individuals, foreign residents
  • sole traders
legal entities
  • partnerships
  • clubs, associations, schools, charities
  • companies
Covered Currencies
all currencies, namely
  • GIP (Gibraltar pound)
  • foreign currencies
Paid In Currency
GBP

Gibraltar Deposit Guarantee Scheme (GDGS)

Suite 3, Ground Floor, Atlantic Suites, Europort Avenue, Gibraltar
+ (350) 20040283

Further Information

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