The deposit insurance means that “Garantiformuen” protects the deposited funds on your account in financial institutions in case of bankruptcy, of up to DKK 750.000 per depositor.
Your money is covered by the deposit insurance, and is regulated by the Danish Financial Supervisory Authority. That means, you get the same insurance on your money, as in other financial institutes. “Garantiformuen” protects deposited funds on accounts in the financial institute in case of bankruptcy, up to DKK 750.000.
Unfortunately, we do not offer our customers to deposit cash. We are currently working on a solution regarding this matter.