Your money is automatically protected, from 1 cent up to €100,000. This protection applies per person, per bank. Additional temporary protection applies when you buy or sell your house.
Deposit guarantee means that the money in your bank accounts is guaranteed up to €100,000, even if your bank goes bankrupt. This protection does not apply to investment products, such as shares and bonds, insurance products and virtual currencies such as bitcoin. Protection varies in the following cases.
Joint accounts are also protected from 1 cent up to €100,000 per person. So, if you and your partner have a joint account, then your maximum protection is €200,000.
Most banks operate under a single brand name, but there are also banks with several brand names. The maximum amount of €100,000 applies per person, per bank. The money in the accounts you hold with the different brand names of the same bank is added together. This total amount is protected up to €100,000 per person. To check this, your bank can always provide an overview of the different brand names it uses.
The following sample calculations clarify your protection in several situations.
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You hold multiple accounts |
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Suppose your savings account balance is €90,000, while you have €15,000 in your payment account with the same bank. Then you can claim €100,000 of the total of €105,000. This is because the total amount of your savings and/or payment accounts together will be compensated up to a maximum of €100,000 per person, per bank. |
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You and your partner hold a joint account |
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Suppose the balance in this account is €120,000. Both you and your partner can then claim €60,000. This is because the €100,000 maximum applies per person, per bank. Suppose one of the two account holders also has their own account with the same bank with a balance of €80,000. Then this account holder can claim €100,000 of the total amount of €140,000 (€60,000 + €80,000). In this case you are not fully protected. The other account holder will receive €60,000. |
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
