16. I received an information sheet about the Deposit Guarantee Scheme from my bank. What does it mean? What should I do?

Banks are now required to send their customers this sheet each year to inform them about the protection provided for their savings and other bank accounts covered by the Deposit Guarantee Scheme, i.e. about the guarantee that applies to their current accounts, passbook accounts, savings schemes, Comptes d'Epargne Logement (CEL) home savings accounts, Plans d’Epargne Logement (PEL) home savings schemes, 'Livret Jeune' savings accounts, etc. and about their savings with French government guarantee (Livret Type 'A' savings accounts, Livret Type 'LDD' savings accounts and Livret Type 'LEP' savings accounts covered by the French government guarantee).


This sheet describes how your deposits are protected in case of the bank's failure. It is not a marketing offer. This document is sent to you only to inform you about the protection provided for your bank accounts. You will receive this information document every year. You do not need to sign and return it to your bank.


In addition, as of 1 May 2016, when a new bank account that is covered by the deposit guarantee scheme is opened, banks must also have their customers sign this same document to ensure that they have been made aware of it when making a commitment vis-à-vis their bank.


→ To learn more about the protection provided for your accounts, refer to the FGDR brochure