Which banks are covered by the Dutch Deposit Guarantee Scheme?
Dutch banks operating under a license from DNB fall into the scope of the Dutch DGS. ING banks such as ING Bank N.V. have a license from DNB. The following branches of ING Direct N.V. are also covered by the Dutch Deposit Guarantee scheme: France, Italy, Spain and the UK. The Dutch regulator, De Nederlandsche Bank (DNB), regulates Dutch banks strictly. Operating under a license from DNB, these banks are subject to strict rules. DNB actively monitors if banks abide to these rules. Money in current accounts, savings accounts or special savings accounts such as fixed-term deposits fall into the scope of the Dutch Deposit Guarantee Scheme (DGS).
