Protection & safety · Jurisdiction DE

Deposit guarantee in Germany

Deposit guarantee in Germany can protect certain bank balances if a credit institution fails. Securities are not deposits. Finmon pays nothing out.

In more detail

German statutory cover sits in the Deposit Guarantee Act (EinSiG), implementing the EU deposit-guarantee directive. The claim is per depositor per credit institution, not per brand. Joint accounts are typically counted per person. Savings banks and cooperatives run institutional protection schemes; many private banks sit with EdB. Voluntary extra funds are not a substitute for the statutory cap. Securities in a custody account are not deposits.

Background

BaFin determines a compensation event; the statutory payout must generally be made within seven working days after that determination. German law also knows time-limited higher amounts for certain life events. Check the current Act; Finmon does not compute them. Several accounts at the same bank are added together. Branches of foreign institutions may fall under another national scheme. Primary sources: EdB and BaFin, not an app model.

An example

You hold €80,000 at German Bank A and €40,000 at the same legal bank under a second product name. Educational snapshot: the statutory EUR 100,000 per person per bank (as at 2026, check the current legal limit) applies to the total, not twice. Finmon does not compute cover. This is German law.

A common misconception

Every German brand name protects without limit, and Finmon calculates the cover.

The statutory claim is per person per credit institution up to the current limit (snapshot EUR 100,000, as at 2026, verify). Brands may share one licence. German law; Finmon does not calculate it.

Source: EdB · Entschädigungseinrichtung deutscher Banken. Last reviewed: 2026-10-26. Editorially reviewed on 2026-10-26. Next review 2027-10-26. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.