Deposit guarantee
If a bank fails, the deposit guarantee returns your money up to the equivalent of EUR 100,000. It applies to banks — not to e-money institutions.
Definition
A statutory scheme that protects customers' money if a bank goes bankrupt.
How it works in practice
The limit is EUR 100,000 per person, per bank (it also covers balances in foreign currencies, paid out in PLN). In Poland this is guaranteed by the BFG; in other EU countries by the local guarantee scheme (DGS).
Why it affects your choice
This is the strongest trust signal. The banks on the list (bunq — Dutch DGS; mBank, ING, PKO BP, Pekao — BFG) have a guarantee; Wise, as an EMI, does not have a deposit guarantee (it uses safeguarding).
Watch out
The guarantee works per bank and per person. Do not confuse it with the safeguarding used by EMIs — that is a different mechanism.
Deposit guarantee applies to banks; EMIs use safeguarding. WTP Finance is for information only; we do not give financial advice.