Guarantee for deposits

Fonds de garantie des dépôts Luxembourg (FGDL) : your deposit guarantee scheme

Your deposit is covered by a contractual scheme officially recognised as a Deposit Guarantee Scheme. If insolvency of your credit institution should occur, your deposits will be repaid up to EUR 100,000.


Overall limit of protection

If a deposit is unavailable because a credit institution is unable to meet its financial obligations, depositors are repaid by a Deposit Guarantee Scheme. This repayment covers at maximum EUR 100,000 per credit institution. This means that all deposits at the same credit institution are added up in order to determine the coverage level. If, for instance a depositor holds a savings account with EUR 90,000 and a current account with EUR 20,000, he or she will only be repaid EUR 100,000.

The reimbursement period in case of a credit institution’s failure is of 7 working days

Particular issue

The protection of deposits resulting from real estate transactions relating to private residential properties, as well as compensation received for losses incurred in connection with private residential property, deposits that serve social purposes and which are linked to particular life events of a depositor, such as marriage, divorce, retirement, dismissal, redundancy, invalidity or death and deposits that are based on the payment of insurance benefits or compensation awarded to victims of criminal offences

or wrongful conviction may exceed an amount equivalent to EUR 100,000, nevertheless without exceeding an amount equivalent to EUR 2,500,000, during 12 months after the amount has been credited or from the time these deposits can be legally transferred.


Further information can be obtained under

Limit of protection for joint accounts

In case of joint accounts, the limit of EUR 100,000 applies to each depositor.


However, deposits in an account to which two or more persons are entitled as partner of a company, member of an association or grouping of a similar nature, without legal personality, are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of EUR 100,000.


The responsible Deposit Guarantee Scheme is the "Fonds de garantie des dépôts Luxembourg" (FGDL), 283 route d’Arlon, L-1150 Luxembourg, (+352) 26 25 1-1, It will repay your deposits (up to EUR 100,000) within 7 working days.

If you have not been repaid within these deadlines, you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit. Further information can be obtained under

Investor Protection Summary

The Luxembourg investor compensation scheme (SIIL) covers investors, physical persons and legal entities within the limits and according to the terms and conditions provided for by the law of 18 December 2015 relating to the resolution, recovery and liquidation measures of credit institutions and some investment firms, including deposit guarantee and investor compensation schemes.

The SIIL provides cover for claims resulting from a credit institution’s inability to:

  • reimburse its investors the funds due to them or belonging to them, held on their behalf and related to investment transactions, in accordance with applicable legal and contractual conditions;
  • or return to investors the instruments belonging to them and held by them, administered or managed on their behalf and related to investment transactions, in accordance with applicable legal and contractual conditions.

Investment transactions made by the same investor are covered up to an amount equivalent to EUR 20 000, whatever their currency or location within the European Union and regardless of the number of accounts held.

In case of an investment transaction involving a joint account, the claims are distributed evenly among the investors, if no special provisions have been provided.

Investors must be compensated as soon as possible by the SIIL, and this within three months at the latest.