What is the coverage limit?

In case of a bank failure, the Deposit Protection Fund is obliged to reimburse up to 5000 € to each depositor, regardless number and kinds of deposits held with the failed bank. Guaranteed amount also comprises interests due prior to the day the bank is declared bankrupt, of course within the guaranteed limit. The total amount of depositor's claims on the failed bank is reduced by depositor's liabilities to that bank (e.g. total loan liabilities, “minus” on current account, etc).

Example: If a depositor holds several accounts with a bank, in total amount which does not exceed 5000€, including interest due, the overall claims of that depositor are insured 100% in case of a failure in that bank. If the total sum of all deposits in a bank exceeds coverage limit, Deposit Protection Fund will reimburse the guaranteed amount of 5000€, whilst depositor's remained claims on bank will be settled within disposition procedure of a failed bank, according to Bank Bankruptcy Law.