Two deposit protection schemes apply to your savings and term deposits 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, see www.edb-banken.de. In addition, ProCredit Bank AG is a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbandes deutscher Banken e.V.).
By being a member of the Deposit Protection Fund, the deposit insurance provided increases to EUR 5,000,000 per client. For more information, see www.bankenverband.de. Bearer bonds issued by the bank are not protected.
All banks are obliged by law to inform their clients about the respective deposit protection limits at least once a year. You can find this information in our Depositor Information Sheet.
For more information about the deposit protection scheme can be found here.