BDIF guarantees full repayment of depositor’s funds with each individual bank, regardless of the number and amount of the deposits, up to €100,000 in case where the competent authority revokes the license of a bank, or declares the deposits with the bank unavailable, or where due to an act of a judicial authority depositors are prevented from access to their funds with a bank for reasons directly related to its financial standing.
up to €100 000
core deposit guarantee
The guarantee sum, €100,000, includes the principal and the interest accrued up to the date of the competent or the judicial authority act.
Mr. Brown has two bank deposits: one in the amount of €60,000 and another in the amount of €35,000.The total amount of his deposits is €95,000. BDIF will repay the principal of €95,000, plus the respective accrued interest by the date of license revocation or declaration of unavailability of deposits.
Mrs. Johnson has two deposits with a bank, one in the amount of 80,000 euros and another in the amount of 50,000 Swiss francs. The total amount of her deposits exceeds the amount of guaranteed coverage of 100,000 euros. The amount that Mrs. Johnson will receive at payout by the BDIF is 100,000 euros.
Deposits of individuals and legal entities with the same bank are guaranteed separately up to €100,000. Summed are only deposits of a private individual who is also a sole trader, as the latter's status is not that of a legal entity.
Mr. Patterson and his company ‘Patterson Engineering’ LTD have two bank deposits: a personal one of €30,000 and one in the company’s name in the amount of €90,000. In the payout Mr. Patterson and ‘Patterson Engineering’ LTD will receive the full amounts on both deposits.
Mr. Jacobs has a personal deposit in the amount of €25,000. He is also registered as ‘JBC’ sole trader, which has a deposit in the amount of €50,000. In the event of reimbursement, the personal deposit of Mr. Jacobs and the deposit of ‘JBC’ will be summed and €75,000 plus the respective interests accrued will be paid out.
up to €125,000
additional protection for up to 3 months
Additional protection of up to €125,000 for a term of three months is provided for the following deposits: deposits of individuals arising from transactions with real estates for residential purposes; deposits of individuals arising from amounts paid in connection with conclusion or dissolution of marriage, termination of a labour contract or civil service contract, disability, or death; and deposits arising from insurance or social insurance payments or from payment of compensation for damages from crimes or reversed sentence.
Mr. Martins owns a personal deposit in the amount of €10,000 and a current account, opened two months before, where he had deposited €130,000 received from a residential property sale. At payout the BDIF will compensate Mr. Martins with €10,000 and the accrued interest thereon, as well as another €125,000, as the latter, following a residential property transaction, is subject to a separate guarantee for three months of their receipt. €5,000 remain outside the guaranteed amount.
Entitled to guarantee in case of a deposit account opened in favour of a third party is the beneficiary, or the account holder. In case the latter has other deposits with the same bank, they are added up.
Mr. Thompson has three deposits with a bank, one in the amount of €35,000, another in the amount of €40,000 and yet another opened in his favor in the amount of €30,000. The sum total of his deposits is €105,000. In this case BDIF will compensate Mr. Thompson with €100,000.
In a joint account with another person with the same bank, the portion of the joint account is aggregated with the other deposits a person owns in order to calculate the guaranteed amount.
Mrs. Johnson has two deposits, one in her name in the amount of €50,000 and another jointly with her husband in the amount of €100,000. The joint portion of her deposit, if the deposit contract does not stipulate else, is half, i.e. €50,000. Thus, BDIF will repay Mrs. Johnson €100,000, regardless of the interest accrued on the deposits.
Deposits in different currencies of a depositor with the same bank are added together and repaid the € equivalent at the ECB exchange rate as of the date of the act of competent authority or of a judicial authority.
Mrs. Maple has two bank deposits: one in the amount of €15,000 and another of USD20,000. All funds from both deposits — principal and accrued interest — are subject to repayment
Depositors shall be aware that BDIF does not owe interest on repayable amounts.
Not repayable are sums on accounts, where the balance is less than €10, and where there have not been dispositive actions for the 24 months preceding the act of the competent authority or of a judicial authority.
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.
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.
Local branches of EU banks do not participate in the system as they are guaranteed by their home country scheme. At present they are:
BDIF guarantees full repayment of depositor’s funds with each individual bank, regardless of the number and size of the deposits, up to €100,000. This amount includes the principal and the interest accrued up to the date of the bank’s license revocation or on the declaration of unavailability of deposits with a bank. Additional protection up to €125,000 for a term of three months is provided for the following types of deposits: deposits of individuals arising from transactions with real estates for residential purposes; deposits of individuals arising from amounts paid in connection with conclusion or dissolution of marriage, termination of a labour contract or civil service contract, disability, or death; and deposits arising from insurance or social insurance payments or from payment of compensation for damages from crimes or reversed sentence.
The BDIF insures bank deposits of physical persons and legal entities both in euro and in foreign currency. Deposits are all funds in a bank account opened in the name of one or more persons: time and demand deposits, current and savings account, debit or credit cards accounts. Deposit insurance is applicable also to credit balances, which the bank shall repay to its customers under the terms provide by law or a contract signed.
How much 
