Applying for compensation under the Deposit Guarantee Scheme (DGS)
If your bank goes bankrupt, you will not automatically lose all the money you have in the bank. Most banks are covered under the Deposit Guarantee Scheme. You could claim up to €100 000 per account holder, per bank.
Last updated on 1 September 2024
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Compensation from the deposit guarantee scheme
The Deposit Guarantee Scheme applies to almost all savings accounts, current accounts and fixed term deposits of Dutch banks.
Read more information on which accounts are covered and which ones are not covered and under what conditions on the website of De Nederlandsche Bank (DNB).
DNB is the executor of the Deposit Guarantee Scheme in the Netherlands.
Maximum compensation may higher
In some cases the maximum compensation may be higher. Up to a maximum of €500,000 on top of the standard maximum compensation of €100,000.
For example if:
- a one-off payment from a life insurance policy was deposited into your account;
- you have received a one-off severance payment just before the bank went bankrupt.
Eligibility for compensation under the Deposit Guarantee Scheme
To be eligible for compensation under the Deposit Guarantee Scheme, the following conditions must apply:
- your bank must have a Dutch banking licence. You can find out which banks have a Dutch banking licence by consulting the Deposit Guarantee Scheme Register;
- your account must be covered under the Deposit Guarantee Scheme.
Applying for compensation from the Deposit Guarantee Scheme
If your bank goes bankrupt, De Nederlandsche Bank (DNB) will make an announcement regarding when and how you can apply for compensation. This will also be announced in the national newspapers.
Laws and regulations (in Dutch)
Wet op het financieel toezicht
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