Depositors shall be aware that BDIF does not owe interest on rapayable amounts.
Not repayable are sums on accounts, where the balance is less than BGN 20, and where there have not been dispositive actions for the 24 months preceding the BNB’s or a judicial authority act.
In the event of a merger or acquisition of two or more banks, the deposits with each bank are guaranteed up to 6 months after the merger.
Upon the expiration of this period the deposits of a person with both banks are summed up.
Covered deposits are repaid regardless of whether the deposit holder also has liabilities (credit) to the same bank.
A deposit which is encumbered or serves as collateral is included when calculating the guaranteed amount, where the guaranteed share due is not to be repaid until the said encumbrance or security has been lifted.
For the portion above the coverage limit depositors are satisfied from the bank’s property in accordance with the applicable legislation.