In the event of the bank, the deposit guarantee scheme protects deposits held by the depositor in all types of registered bank accounts that it maintains, whether denominated in PLN or in foreign currencies. The guarantee scheme also covers:
- other depositor claims arising under the bank account agreements;
- depositor claims arising under the bank financial settlements pursued by the bank;
- depositor claims arising under bank of bank securities issued prior to 2 July 2014.
The deposit guarantee scheme also covers claims against the bank in respect of a record in the contemplation of demise and funeral costs provisions in respect of a bank account holder, provided that such claims come due prior to the date on which the operations of the bank are suspended.
In the event of the credit union, the deposit guarantee scheme covers deposits held by the depositor at the credit union in all types of registered bank accounts that it maintains, whether denominated in PLN or in foreign currencies. The guarantee scheme also covers:
- other depositor claims arising under the account agreements;
- depositor claims arising under the bank financial settlements pursued by the credit union.
The deposit guarantee scheme also covers claims against the credit union in respect of a record in the contemplation of demise and funeral costs provisions in respect of a credit union member, provided that such claims come due prior to the date on which the operations of the credit union are suspended.
Important: Investment products (such as mutual fund units, securities, or insurance products) are excluded from deposit guarantee coverage under DGSD Art. 5(2). Even if purchased through your bank, these are not covered deposits. Both the banks and credit union also offer hybrid products, e.g. a term deposit combined with investment fund units – and in such cases only the deposit component of the product is covered by the guarantee.
