Overview

• German statutory deposit insurance guarantees up to €100,000 per customer per bank, with joint accounts covered up to €200,000.
• Special six-month coverage of up to €500,000 applies to deposits linked to significant life events, such as property sales or severance payments.
• Private banks often participate in voluntary schemes like the ESF, extending total coverage to approximately €440,000 per depositor.
• Insolvency declarations by BaFin trigger automatic reimbursement within seven working days, though account access is frozen during this period.
• Customers with substantial savings are advised to distribute deposits across multiple banks and financially stable jurisdictions to maximize protection.