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 OPTIN BANK ASA
All credit institutions operating in Norway are obliged to participate
in Norwegian deposit guarantee scheme.
OPTIN BANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it. In the case of OPTIN BANK ASA failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
residents of Norway
citizens of Norway
registered in Norway
credit institutions financial institutions public authorities depositors with unknown identity
current accounts savings accounts time deposit accounts positive balance (deposit) on credit cards or other credits (flex loans) deposits on a share savings account (Aksjesparekonto)
investments in financial assets like stocks or securities