Deposit guarantee scheme against bankruptcy

In the Netherlands if your bank has gone bankrupt, you are covered by the Dutch Deposit Guarantee scheme of the Dutch Central Bank (De Nederlandsche Bank, DNB). With the Dutch Deposit Guarantee amounts of up to €100,000 in your bank accounts are protected. This means you will get this money back.

Conditions Deposit Guarantee

The deposit guarantee scheme protects deposits per person and per bank. You must satisfy several conditions to make use of this scheme:

• Your bank is registered in the Dutch deposit guarantee scheme register.
• Your business account is covered by the Dutch Deposit Guarantee, not by a foreign deposit guarantee scheme.
• You are the account holder.

Not all financial products are covered by this scheme. Please contact your bank to make sure your specific financial product is covered.

When is your business account protected separately from your personal account?

In some cases your business account is protected separately from your personal account. It depends on your business structure. If your business is not a legal person, your account falls under the 1 person per bank principle.

If for instance, you are a sole proprietor, your business account and personal account with the same bank are viewed as belonging to the same person. The deposits of these accounts are thus counted as if they are from one account. Your deposits will be compensated up to €100,000 in total.

Is your company a corporate (legal) person? For instance a foundation or a private limited company? Then your business account is protected separately from your personal account, even if these accounts are with the same bank. You can get the reimbursement for each of these accounts.