What is the Dutch Deposit Guarantee Scheme?
We are participants of the Dutch Central Bank’s Deposit Guarantee Scheme, meaning; You are entitled to compensation from this scheme if we cannot meet our obligations. This depends on the type of business and circumstances of the claim. It is normal for deposits with banks regulated in the UK and the Netherlands to be protected by either or both country compensation schemes. In the unlikely event that we are unable to repay the funds in your account, you can claim compensation from the Dutch Deposit Guarantee Scheme for payments up to the total of EUR 100,000 (or the equivalent in pounds sterling) of your total deposits held with us (EUR 200,000 for joint accounts). In practice, this means customers with deposits at our UK branch are protected up to a maximum of EUR 100,000, the compensation limits apply to each depositor for the total of your deposits with the Bank, regardless of how many accounts held or whether you are a single or joint account holder. In the case of a joint account
