How do I benefit from the deposit insurance?

A deposit insurance is a safeguard measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due.

In Germany, the deposit insurance covers losses of up to € 100,000. For you and your blocked account, this means that the money in your blocked account will always be insured based on German law - 100% guaranteed!

Of course, this does not cost you anything. The deposit insurance is already included and free of charge for your blocked account.

Was this article helpful?
33 out of 49 found this helpful