Deposit Guarantee Scheme
Rabobank is a member of the Dutch Deposit Guarantee Scheme. Broadly speaking, the Dutch Deposit Guarantee Scheme deals with money – deposits in current and savings accounts. The Deposit Guarantee Scheme will only become applicable if Rabobank enters into bankruptcy proceedings. Rabobank Dublin is a branch of Coöperatieve Rabobank U.A., a Dutch co-operative bank incorporated in the Netherlands and licenced by the Dutch Central Bank. Rabobank Dublin is regulated by the Central Bank of Ireland for conduct of business rules.
Dutch Deposit Guarantee Scheme
Coöperatieve Rabobank U.A. is a member of the Dutch Deposit Guarantee Scheme which is operated by the Dutch Central Bank (‘De Nederlandsche Bank’). The Dutch Deposit Guarantee Scheme protects funds previously held in Current Accounts, Savings Accounts, Notice Saver 30, Notice Saver 90 and Term Deposit Accounts made by personal customers and business customers in general with Coöperatieve Rabobank U.A. Former deposits of all entities who held business accounts with us are protected under the Dutch Deposit Guarantee Scheme apart from financial institutions; credit institutions; investment firms; insurance undertakings; reinsurance undertakings; pension funds; retirement funds; public authorities.
Under the Dutch Deposit Guarantee Scheme, if Coöperatieve Rabobank U.A. is unable to meet its obligations to repay a customer’s balance, personal customers and business customers in general are guaranteed to be repaid 100% of the first €100,000 of that customer’s total balance deposits held. In the case of a joint account, the maximum amount of €100,000 set out above applies to each joint account holder.
Further information on the Dutch Deposit Guarantee Scheme, including any exclusions and the conditions for reimbursement can be found on the Dutch Central Bank website and also on the Rabobank website.