Protecting your money in the event of the failure of your bank or financial institution

Established by law, the Deposit  Guarantee  and Resolution Fund (FGDR) is a private-law institution entrusted with a public service remit. Its remit is to protect the assets of customers in the banking and financial sector. As a crisis management body, the FGDR may intervene, prior to a failure, either preventively or to resolve the situation, or, in the event of a failure, to compensate customers.

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What do you need ?

Your key cover provisions

The FGDR protects your money – here are the key points to remember.

Deposit Guarantee Scheme

What is the guaranteed amount?

Up to €100,000

per customer and per bank.

Up to €100,000

for special-scheme savings accounts guaranteed by the State.

Which products are covered?

Current accounts, savings accounts, regulated savings schemes (Livret A, LDDS, LEP).

How long will it take for me to receive my compensation?

7 jours ouvrables

From the day your accounts became unavailable.

Security of securities

What is the guaranteed amount?

Up to €70,000

per client and per firm (investment firm)

Which products are covered?

Financial instruments: shares, bonds, UCITS, fund units.

How long will it take for me to receive my compensation?

A maximum of 2 months

From the day your assets become unavailable.

Guarantee of services provided by management companies

What is the guaranteed amount?

Up to €20,000

per client and per institution (portfolio management company)

Which products are covered?

Financial instruments and cash entrusted to an investment management company (UCITS, discretionary management, etc.).

How long will it take for me to receive my compensation?

3 months maximum

Effective the day your assets become unavailable.

Security Deposit

What is the guaranteed amount?

90%

of the damage sustained, with a deductible of €3,000.

Which products are covered?

Regulated surety bonds issued on behalf of certain professions to guarantee the successful completion of projects entrusted to them by their clients.

How long will it take for me to receive my compensation?

The FGDR’s guarantee of sureties ceases upon the expiration of the surety commitment.

To find out more about the FGDR’s guarantee mechanisms, download the brochure

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428.34 Ko

Methods of intervention

The FGDR may intervene, either before a failure occurs – in a preventative or resolution capacity – or, in the event of a failure, to compensate customers.

Compensation

The FGDR compensates customers in the event of a bank failure.

Learn more

Preventive intervention

If a bank or financial institution is found to be vulnerable, the FGDR may intervene early to prevent its failure.

Learn more

Resolution

For systemically important banks, the FGDR may participate in the resolution mechanism that is implemented.

Learn more

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FGDR brochures in several languages