Security of your deposits

€100,000

All savings products on Raisin.ie are protected up to an equivalent of €100,000 per depositor and bank according to EU laws.

€0

Since the introduction of the EU-wide harmonized regulation on deposit guarantee schemes, savers have not suffered any losses within the protection limit of €100,000.

7 days

By 2024, the time limit for repayment by deposit guarantee funds will be shortened to 7 working days. A number of Member States have already implemented this timeline.

0.8%

By 2024, all reserves held in each country’s deposit guarantee fund must equal at least 0.8% of all deposits covered. Some of our partner countries already fulfill this requirement.

100%

In the unlikely event of a situation requiring a compensation, we will fully support our customers within the framework of legal and practical possibilities.

Harmonized standards across the EU

eu_stars1

The existence of a statutory deposit guarantee scheme reflects the political will within the European Union to protect savings in the event of a bank failure. As a result of recent changes, all deposit guarantee schemes have been harmonized, so that the same high standard is offered within the EU.

Throughout Europe, the minimum requirements for statutory deposit guarantee schemes were refined a number of years ago (EU Directive 1994/19/EC and 2009/14/EC).

The recent implementation of Directive 2014/49/EU has introduced further measures, which improve the level of protection offered to investors across the EU. Since July 2015, all EU Member States are gradually implementing these measures.

“These new rules will benefit all European Union citizens: not only will their savings be better protected, but they will also have the choice of the best savings products available in any EU country without worrying about differences in the level of protection”

Michael Barnier, European Commissioner for internal market and services.
Politico.eu 18.12.2013

Details of the deposit guarantee schemes by country

Official title:
Einlagensicherung der Banken & Bankiers Gesellschaft m.b.H.

Website:
https://einlagensicherung.at

Address:
Börsegasse 11, 1010 Vienna, Austria

Email:
office@einlagensicherung.at

Telephone:
+43 (1) 533 98 03

Protection ceiling:
€100,000

Reserves held:
€0.471 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Fonds de Protection des Depots et des Instruments Financiers

Website:
http://www.fondsdeprotection.be

Address:
Boulevard de Berlaimont 14, 1000 Brussels, Belgium

Email:
protectionfund@nbb.be

Telephone:
+32 2 572 3825

Protection ceiling:
€100,000

Reserves held:
€3.356 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Garanční Systém Finančního Trhu (GSFT)

Website:
https://www.garancnisystem.cz

Address:
Týn 639, 110 00 Prague 1, Czech Republic

Email:
info@fpv.cz

Telephone:
+420 234 767 676

Protection ceiling:
€100,000

Reserves held:
€1.186 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Fonds de Garantie des Dépôts et de Résolution

Website:
https://www.garantiedesdepots.fr

Address:
65, rue de la Victoire – 75009 Paris – FRANCE

Email:
contact@garantiedesdepots.fr

Telephone:
+33 1 58 18 38 08

Protection ceiling:
€100,000

Reserves held:
€3.649 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Entschädigungseinrichtung deutscher Banken GmbH (EdB). Some banks are also members of a private deposit guarantee fund of the Association of German Banks (Bundesverband deutscher Banken – BdB).

The protection limit is higher for banks belonging to the deposit guarantee fund of the BdB (https://bankenverband.de/service/einlagensicherung).

Website:
http://www.edb-banken.de

Address:
Burgstraße 28, 10178 Berlin, Germany

Email:
info@edb-banken.de

Telephone:
+49 30 59 00 11 960

Protection ceiling:
€100,000

Reserves held:
€6.889 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Fondo Interbancario di Tutela dei Depositi (FITD)

Website:
https://www.fitd.it/Home

Address:
Via del Plebiscito, 102 – Rome, Italy

Email:
infofitd@fitd.it

Telephone:
+39 06 699861

Protection ceiling:
€ 100,000

Reserves held:
€ 1,41 Billion

As of date:
December 31, 2018

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Depositor Compensation Scheme

Website:
http://www.compensationschemes.org.mt

Address:
Compensation Schemes Management Committee c/o Malta Financial Services Authority Notabile Road Attard BKR3000 MALTA

Email:
info@compensationscheme.org.mt

Telephone:
+356 2144 1155

Protection ceiling:
€100,000

Reserves held:
€0.111 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Bankenes sikringsfond

Website:
http://www.bankenessikringsfond.no/

Address:
Hansteens gate 2, Postboks 2579, Solli, N-0202 Oslo, Norway

Email:
firmapost@sikringsfondet.no

Telephone:
+47 23 28 42 00

Protection ceiling:
€100,000

Reserves held:
NOK 33.873 million (EUR 3.524 million)

As of date:
January 1, 2019

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Bankowy Fundusz Gwarancyjny (BFG)

Website:
http://www.bfg.pl/en

Address:
ul. ks. Ignacego Jana Skorupki 4, 00-546 Warsaw, Poland

Email:
kancelaria@bfg.pl

Telephone:
+48 22 583 09 22

Protection ceiling:
€100,000

Reserves held:
€2.954 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Fundo de Garantia de Depósitos

Website:
https://www.fgd.pt/garantia-de-depositos

Address:
Av. da República, 57 – 8º, 1050-189 Lisboa, Portugal

Email:
fgd@sgfpbp.pt

Telephone:
+351 21 792 57 35

Protection ceiling:
€100,000

Reserves held:
€1.808 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data

Official title:
Financial Services Compensation Scheme (FSCS)

Website:
http://www.fscs.org.uk/

Address:
10th Floor, Beaufort House, 15 St Botolph Street, London EC3A 7QU, England

Email:
enquiries@fscs.org.uk

Telephone:
+44 20 7741 4100.

Protection ceiling:
£85,000

Reserves held:
ca. 1.9 Billion EUR

As of date:
June 24, 2016

Source:
http://www.fscs.org.uk/uploaded_files/Publications/Misc/fscs_funding_arrangements.pdf

Official title:
Bankowy Fundusz Gwarancyjny (BFG)

Website:
http://www.bfg.pl/en

Address:
ul. ks. Ignacego Jana Skorupki 4, 00-546 Warsaw, Poland

Email:
kancelaria@bfg.pl

Telephone:
+48 22 583 09 22

Protection ceiling:
€100,000

Reserves held :
€2.954 billion

As of date:
December 31, 2017

Source:
https://www.eba.europa.eu/regulation-and-policy/recovery-and-resolution/deposit-guarantee-schemes-data