What is the deposit insurance?

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.   

How is my money insured?

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. 

 Is it possible to deposit cash?

Unfortunately, we do not offer our customers to deposit cash. We are currently working on a solution regarding this matter.

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