Compensation scheme for German banks

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The Compensation Scheme of German Banks GmbH ( EdB ) is the statutory compensation scheme for deposit-taking credit institutions in private law legal form ( private banks ).

Structure and legal basis

The legal basis of the institution are the Deposit Protection Act and the Investor Compensation Act .

EdB is a wholly-owned subsidiary of the Association of German Banks and is subject to the supervision of the Federal Financial Supervisory Authority . It is based in Berlin .

Scope of protection

The EdB protects

  1. 100% of the deposits, a maximum of the equivalent of 100,000 euros per customer ( § 8 EinSiG) and
  2. 90% of the liabilities from securities transactions, a maximum of the equivalent of 20,000 euros per customer ( Section 4 (2) AnlEntG).

The European Parliament decided on December 18, 2008 that the member states must enact national laws by June 30, 2009 that provide for a deposit protection of at least 50,000 euros per customer without the previous deductible of 10%. The Federal Government has implemented this guideline in the new version of the Deposit Protection and Investor Compensation Act of July 1, 2009. On January 1, 2011, the upper limit was increased from 50,000 to 100,000 euros.

The Deposit Protection includes not only all types of deposits - mainly visual -, date - and savings - denominated also in the name of savings bonds a. Liabilities for which a bank has issued bearer securities, such as bearer bonds and certificates of deposit , are not protected.

The right to compensation exists regardless of the currency in which the deposits are denominated.

The funds required for compensation are raised through contributions from the assigned institutes in accordance with the contribution regulation.

Additional deposit protection funds are available for compensation claims that exceed the upper limit .


Web links

Individual evidence

  1. The banks' deposit insurance is set to rise to 100,000 euros. In:
  2. Information for consumers. In:
  3. Compensation Institution Financing Ordinance (EntFinV) replaces the EdB Contribution Ordinance (EdBBeitrV) valid until 2016