© ANP
On 22 April 2022, De Nederlandsche Bank (DNB) decided to activate the Dutch deposit guarantee scheme (DGS) for account holders of Amsterdam Trade Bank N.V. (ATB). DNB administers the Dutch Deposit Guarantee on behalf of the Dutch government.
On 22 April 2022, the Amsterdam District Court ordered the bankruptcy of Amsterdam Trade Bank N.V.. DNB has subsequently activated the deposit guarantee scheme for account holders of ATB. Eligible account holders with accounts at ATB, among others acting under the trade name FIBR, may therefore request compensation.
DNB will pay out the amount covered by the Dutch Deposit Guarantee to eligible account holders at ATB, subject to a maximum of EUR 100,000 per person. Additional protection applies to money held temporarily in accounts related to the purchase or sale of a house, up to EUR 500,000. More information about the deposit guarantee for ATB can be found on www.dnb.nl.
DNB will soon send all account holders at ATB a letter by post providing more details of the deposit guarantee scheme and explaining how we will pay out compensation.
Within the next ten business days, DNB will open a web portal on its website www.dnb.nl, where account holders can indicate in which account they wish to receive their compensation. In addition, account holders can also use a form to notify DNB of the account in which they wish to receive their compensation. After submitting the account, DNB will transfer the compensation to that account within a few business days.
Account holders who do not reside in the Netherlands can use a form to notify DNB of the account in which they wish to receive their compensation. DNB will make these forms available on its website.
ATB has been active in the Netherlands since 1994. The bank has over 23,000 private account holders, most of whom live in the Netherlands. Almost 6,000 customers live in Germany. The amount guaranteed by the deposit guarantee scheme totals around EUR 700 million. The amount needed to compensate account holders can be fully financed from the Deposit Guarantee Fund, to which all Dutch-based banks have contributed since 2016. The Deposit Guarantee Fund currently exceeds EUR 3 billion.
In addition to the deposit guarantee scheme, DNB has also activated the investor compensation scheme. This is because ATB is also licensed to provide investment services. Subject to specific conditions, the investor compensation scheme provides coverage up to EUR 20,000 per person for monies and/or financial instruments entrusted to ATB for the provision of investment services. As the administrator of the investor compensation scheme, DNB will soon provide further details at www.dnb.nl.
DNB will keep account holders informed of the progress of the deposit guarantee and investor compensation schemes for ATB on its website www.dnb.nl. Account holders may also contact us by telephone at 0800-020 1068 (free of charge in the Netherlands) or +31 20 524 9111 (from abroad), or by email at info@dnb.nl. The Informationdesk of DNB is open on Saturday 23 and Sunday 24 April from 10:00 till 17:00. Then, the Informationdesk will be open from Mondays to Fridays, between 09:00 and 19:00.
When a bank fails, we make sure that account holders can quickly regain access to their money. Effective 1 January 2024, this will take no more than seven working days. Back in 2009, it was three months.
Read more Customers of bankrupt bank have access to their money even faster
Dutch households are putting more and more money in bank accounts abroad, according to the latest quarterly figures from DNB and the ECB. Countries where savings rates have recently risen are particularly popular among Dutch savers.
Read more Dutch households save more abroad
The money in accounts at foreign banks operating in the Netherlands is protected by the deposit guarantee of the country of origin of that bank.
Read more Is my money at a foreign bank protected by the Dutch Deposit Guarantee?
The volume of savings at Dutch banks is rapidly increasing. At the same time, only a little over half of all Dutch people know about the protection of this money by the Dutch Deposit Guarantee. General awareness is lower among young people and women.
Read more Dutch people are insufficiently aware of deposit guarantee
