What does deposit guarantee mean?

Deposit guarantee is a scheme that reimburses the money in your account, within limits, if a bank becomes insolvent.

Is deposit guarantee the same at all banks?

Not necessarily. Protection depends on the bank's licence and home country. See the bank-specific information in the table.

How do I check my own bank's deposit guarantee?

Check on the bank's own website or with the deposit guarantee fund, and in the table where protection is listed by bank.

Deposit guarantee: how your money is protected in a bank

Deposit guarantee reimburses the money in your account up to a certain limit if a bank cannot pay its debts. The protection and the accounts it covers vary by the bank's home country, so check your own bank in the table.

Deposit guarantee by bank
Bank	Home country	Deposit guarantee
S-Bank	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
OP	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank; the whole banking group counts as one bank for the deposit guarantee
Nordea	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
Danske Bank	Denmark	Danish deposit guarantee (Finansiel Stabilitet), €100,000 per depositor; for depositors of the Finnish branch, compensation is paid through the Financial Stability Authority
Säästöpankki	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank; the whole banking group counts as one bank for the deposit guarantee
POP Bank	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank; the whole banking group counts as one bank for the deposit guarantee
Oma Säästöpankki	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
Aktia	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
Ålandsbanken	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
Alisa Pankki	Finland	Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank
Revolut	Lithuania	Lithuanian deposit guarantee, €100,000 per depositor; service provider Revolut Bank UAB
N26	Germany	German deposit guarantee, €100,000 per depositor; N26 holds a German BaFin banking licence
bunq	the Netherlands	Dutch deposit guarantee, €100,000 per depositor; bunq B.V. is a bank registered with the Dutch central bank
Wise	Belgium	No deposit guarantee: Wise Europe SA is a payment institution licensed in Belgium that protects customer funds by keeping them separate (safeguarding)

In Finland, the statutory deposit guarantee is handled by the Financial Stability Authority (Rahoitusvakausvirasto, RVV). The protection is up to €100,000 per depositor and bank, compensation is paid within seven working days, and you do not need to apply for it. Proceeds from the sale of a home are protected in full if they were deposited no more than six months before the bank's insolvency and are intended for buying your own home. Banks operating in EU countries belong to their own home country's deposit guarantee scheme under the same EU directive rules. Source: RVV: deposit guarantee (Finnish).

Which accounts are covered by deposit guarantee?

Deposit guarantee usually covers ordinary accounts, but not all products, such as investment products. Check the exclusions with the bank.

How does deposit guarantee work in foreign banks?

A foreign bank's protection is often determined by the bank's home country. Read more about digital banks.

Should I split my money between several banks?

If your deposits are large, split them between different banks only if the banks do not belong to the same banking group: the banks of the OP Group, the POP Bank Group and the Säästöpankkiryhmä count as one bank for deposit guarantee. See the RVV list of banks in the deposit guarantee scheme (Finnish).