Accounts and other products covered and not covered

List of savings accounts and other savings products covered and not covered by the FGDR

The table below shows the main deposit accounts and other savings products along with their associated guarantee. Some products may combine several types of savings or other accounts. To obtain detailed information about the guarantee applicable to these accounts, please contact the institution that offers them.

 
SCOPE OF THE DEPOSIT GUARANTEE SCHEME

PRODUCTS COVERED BY THE DEPOSIT GUARANTEE SCHEME

All amounts deposited in current accounts and savings accounts are covered regardless of the currency in which the accounts are denominated :
 

> current account, demand account or term account ;

> savings account or savings plan (Compte Epargne Logement (CEL) savings account, Plan d’Epargne Logement (PEL) savings plan, Plan d’Epargne Populaire (PEP) savings plan, etc.) ;

> 'Livret Jeune' savings account

> cash account associated with an equity savings scheme (PEA), a pension savings scheme (PER) or equivalent held at an FGDR affiliated institution ;

> bank cheque issued and not cashed.

FGDR DEPOSIT GUARANTEE SCHEME

 

 

Up to €100,000 per customer, per institution.

All the amounts deposited in savings accounts guaranteed by the French government are covered:
 

> Livret type 'A' savings account (and Livret Bleu savings account);

> Livret Développement Durable (LDD) savings account;

> and Livret d'Epargne Populaire (LEP) savings account.

 

These deposits are added up and compensated to a limit of €100,000 per customer and per institution.

The FGDR compensates customers on behalf of the French government. 

SCOPE OF THE INVESTOR COMPENSATION SCHEME

The FGDR covers all securities and financial instruments :
 

> Security or other financial instrument: stock, bond, unit of an open-end investment company or mutual fund invested in an equity savings scheme (PEA) or securities account;

> Certificate of deposit, negotiable debt instrument (TCN).

 

 

Note: the investor compensation scheme is initiated only when two conditions are met:

 

1/ the securities have disappeared from the accounts;

 

2/ the institution at which the account is held is in suspension of payments and cannot return or reimburse the securities.

 

 

FGDR INVESTOR COMPENSATION SCHEME

 

Securities compensated up to €70,000 per customer and per institution regardless of the currencies in which the securities are denominated.

 

- The Cash associated with securities accounts is also compensated:

 

    up to €70,000 if the cash account associated with the securities account is held by an investment firm and denominated in euros or in another currency of the EEA;

   included in the amounts covered by the deposit guarantee scheme, up to €100,000, if the institution at which the account is held is a bank.

 

PRODUCTS NOT COVERED BY THE FGDR
OR COVERED BY ANOTHER SCHEME

Product covered by the FGDR are particulary :
 

> life insurance policy, capitalisation policy with an insurance company;

> pension savings scheme (PER, PERP, PEP) with an insurance company;

> collective pension savings scheme (PERCO, PERCO-I, PERE);

> company savings scheme (PEE) and inter company savings scheme  (PEI);

> notes, coins and items entrusted to your bank's safety deposit department;

> anonymous deposit or instrument with a holder who cannot be identified;

> cash recorded on an electronic medium  (Monéo);

> deposit of equity;

> cash vouchers.

 

See Article 312-41 of the Monetary and Financial Code.

 

GUARANTEE BY ANOTHER SYSTEMS OR WITHOUT A GUARANTEE.

 

 

 

Enquire at your bank.

 

Click here to download the PDF of the above table.

Click here to download the brochure "Protecting your accounts in the event that your bank fails".

 

The table below shows an indicative list of services that may or may not be covered by the deposit guarantee scheme.

 

"Neobanks" and Deposit Guarantee 
January 2019

 

COVERED BY DEPOSIT GUARANTEE

COVERAGE BY THE FGDR - FRANCE

Services offered by banks already licensed

Name of service or

brand

Type of service

Banking institution

Avantoo - 
Crédit Mutuel

Bank account and debit card associated with a mobile phone plan

Crédit Mutuel

C-Zam - 
Carrefour Banque

Current account, debit card with mobile app

Carrefour Banque 

Eko - 
Crédit agricole

Current account, international debit card with online app

Crédit Agricole 

Hello Bank
BNP Paribas

BNP Paribas on-line banking trademark

BNP Paribas 

New banks licenced as banking institutions

Boursorama

Licensed on-line bank

Boursorama

BforBank

Licensed on-line bank

BforBank 

Fortuneo

Licensed on-line bank

Fortuneo 

Monabanq

Licensed on-line bank

Monabanq 

Orange Bank

Licensed on-line bank

Orange Bank 

COVERAGE BY ANOTHER DEPOSIT GUARANTEE SCHEME (DGC)

Name of service or brand

Type of service

Institution and country

Ditto Bank - 
Travelex

International mobile bank

Ditto bank – Germany

Fidor Bank
(Allemagne – France)

On-line bank in Germany

Fintech activity acquired by the BPCE Group in France

Fidor Bank – Germany

No banking licence in France

ING Direct
(Netherlands)

French branch of a Dutch bank

ING Direct – Netherlands

N26
(Germany)

Current account and debit card on mobile app

N26 – Germany

Starling Bank
(UK)

Multi-currency current account, debit card on mobile app

Starling Bank - UK

 

NOT COVERED BY THE DEPOSIT GUARANTEE SCHEME

Name of service or brand

Type of service and institution

Nickel account

Alternative banking service (debit card).

Payment institution. No banking licence. 

(BNP Paribas Group)

Lydia

« Fintech » that develops person-to-person payment services on a mobile app.

Morning

Account and debit card with mobile app. 

Payment institution. No banking licence. 

(Banque Edel)

Raisin

« Fintech », banking intermediary. 

Products covered by their home institution. 

Revolut
(UK)

« Fintech » that develops payment services and international transfers on a mobile app.

 

This is not a complete list. The FGDR communicates based on the information in its possession and is under no obligation in this regard.

A website's customers are responsible for reviewing the terms of use of said site and, in particular, for knowing the legal form of the institution before completing a transaction.

 

To download the PDF version of the table above, click here.