Deposit Protection
Poland’s deposit guarantee scheme is established by the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016. Prior to 8 October 2016, deposit protection was governed by the Act on the Bank Guarantee Fund of 14 December 1994.
Polish law fully implements Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (DGSD).
Our deposit guarantee scheme covers eligible deposits held with:
- Credit institutions authorised in Poland (i.e., banks with their registered offices in Poland)*
- Cooperative savings and credit unions
- Branches of non-EU credit institutions operating in Poland**
Key features of Poland’s deposit protection:
- Coverage limit: €100,000 per depositor, per institution
- Repayment period: 7 working days from the date deposits become unavailable
- Currencies: All currencies accepted (compensation paid in PLN)
- EU compliance: Fully harmonised with Directive 2014/49/EU
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* Except Bank Gospodarstwa Krajowego (Poland’s state development bank, exempt from insolvency proceedings) and mortgage banks (which generally do not accept deposits).
** Unless the branch is already covered by an equivalent deposit guarantee scheme in its home country providing at least the same level of coverage as required under EU law.
