Fondo de Garantía de Depósitos de Entidades de Crédito

Frequently asked questions

What is the payout procedure of the Deposit Guarantee Fund for Credit Institutions?

In those cases where the Deposit Guarantee Fund for Credit Institutions is required to make payouts for secured deposits, the depositor or investor does not have to take any action or incur any costs.

In such circumstances, the affected credit institution must provide the Deposit Guarantee Fund for Credit Institutions with all information on its depositors including the total sum they have deposited with the institution. Once the Deposit Guarantee Fund for Credit Institutions has received the information and confirmed that all requirements have been met, it will contact the depositor about how payment of the secured sum should be made.