Other Rules for Deposit Guarantee

Recovering deposits above the coverage limit

Any deposit amount exceeding the coverage limit remains your claim against the failed institution. You may recover these funds through bankruptcy proceedings, but must register your claim within the timeframe specified by the court.

When will I receive compensation?

Under Polish law implementing EU requirements, we repay covered deposits within 7 working days from the date deposits become unavailable.

The 7-day timeline may be extended if:

• there is uncertainty about your legal entitlement to the funds,
• the deposit is subject to a legal dispute,
• the funds are held in tax-advantaged retirement accounts (IKE/IKZE),
• the claim involves temporary high balances (above €100,000),
• payments are made to depositors of the bank branch located abroad.

Claims for compensation expire 5 years after deposits become unavailable.

How is compensation paid?

Compensation is paid by the institution’s administrator or by an agent bank appointed by BFG. We will publicly announce the specific payment method, locations, and timeframes. After lapse of the deadline of this timeframe, guaranteed deposits can be collected by depositors as long as the claims from the guarantees remain valid and effective.

Currency of compensation

We protect deposits in all currencies. However, compensation is always paid in Polish Zloty (PLN). Foreign currency deposits are converted using the National Bank of Poland’s average exchange rate on the day the institution failed.