Protection & safety · Jurisdiction EU

EU deposit-guarantee framework

The EU deposit-guarantee directive is a frame: it sets shared aims for member states. Payout comes from your national scheme, not “the EU” and not Finmon. Check your bank’s information sheet and the national guarantee body.

In more detail

Directive 2014/49/EU harmonises, among other things, a coverage amount (EUR 100,000 per depositor per credit institution) plus a binding maximum payout deadline. Implementation, membership and special cases (temporary high balances, institutional protection) stay national. A bank incorporated in state A is usually in A’s scheme even if you live in state B. UK FSCS is not an EU DGS after withdrawal.

Background

Deposits ≠ securities: investments follow investor-compensation and market rules, not automatically EUR 100,000. ESMA’s Investor Corner helps with EU-level securities and scam education but is not a deposit-guarantee fund and not a national payout desk. EBA and national DGS bodies keep scheme lists. Finmon does not merge DE, AT, CH and UK into one EU payout. As at 2026. Check the national limit and membership yourself.

An example

You open an account with a bank incorporated in another EU state. Educational step: read the sheet that names the national scheme: do not assume EdB or Finmon will pay.

A common misconception

“EU deposit insurance” is a single Brussels cash desk that Finmon applies to every country.

The directive is a frame. Cover runs through the bank’s national scheme. Check the information sheet.

Source: EUR-Lex · Richtlinie 2014/49/EU. Last reviewed: 2026-10-27. Editorially reviewed on 2026-10-27. Next review 2027-10-27. Version 0.2.0. Finmon explains. It does not advise. Not investment, tax or legal advice.