Deposit protection

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Deposit protection

Two security procedures apply to your deposits in call money and term deposit accounts at ProCredit Bank AG:
ProCredit Bank AG is a German bank and is therefore subject to Germany’s deposit guarantee regulations within the framework of the German Banks’ Compensation Scheme (Entschädigungseinrichtung deutscher Banken GmbH, EdB). This minimum cover is valid for deposits of up to EUR 100,000 per client. For more information

Moreover, ProCredit Bank AG is also a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken e.V., BdB).

The additional membership in the Deposit Protection Fund increases the deposit insurance to EUR 5,000,000 per client. For more information, see Bearer bonds issued by the bank are not protected.

All banks are required by law to inform their clients once a year regarding the corresponding protection limit. This information is conveyed in the information sheet provided to the depositor.

Detailed information about the deposit protection scheme can be found here.