Deposit guarantee

When a bank is no longer in a position to pay back customer deposits, e.g. in the event of a bankruptcy, customer deposits are, in principle, covered by a deposit guarantee.

 

In Luxembourg, the Fonds de garantie des dépôts Luxembourg (FGDL, Luxembourg Deposit Guarantee Fund) is in charge of reimbursing depositors. The maximum amount covered by the guarantee is of EUR 100,000 per person and per bank. This amount may, in specific cases, be higher.

 

Detailed information on the guarantee is available on the FGDL website.