Frequently asked questions about deposit insurance
Is Porsche Bank a member of the Austrian deposit insurance scheme for banks?
Porsche Bank is a member of the statutory deposit guarantee scheme AUSTRIA Ges.m.b.H.
Up to what amount are my deposits protected?
The deposits are secured per depositor with a maximum of EUR 100,000.00.
Does the deposit guarantee apply per customer/savings account or per person?
Deposit protection always applies to each depositor (natural or legal person), regardless of how many accounts or savings accounts they have.
I have an account/savings book with bank x and one with bank y. What if both banks go bankrupt?
The Deposit Protection and Investor Compensation Act - ESAEG applies to both banks up to a deposit amount of EUR 100,000.00.
Which deposits does the deposit guarantee cover?
Deposit protection includes all balances in accounts or savings accounts, such as salary and current accounts (e.g. your reference account), time deposits (e.g. direct savings fixed account) or money due on a daily basis (e.g. direct savings flexible account).
Can a bank withdraw from the deposit insurance company?
A bank is required by law to provide uninterrupted deposit insurance. It is therefore not possible to withdraw from the deposit insurance company.
Which depositors are not secured?
For example, credit balances from:
Public institutions (e.g. regional authorities, international organisations)
other financial institutions and insurance companies
Investment companies, pension funds, etc.