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 10 August 2021
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Compensation under the deposit guarantee scheme
Almost all savings accounts, current accounts and fixed-term deposits are covered by the Deposit Guarantee Scheme. A certain type of savings account called a subordinated deposit (achtergestelde deposito) is not covered under the Deposit Guarantee Scheme. Neither are shares or bonds.
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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