What is insured?

The deposits of both individuals (natural persons) and companies (legal entities) at banks, building societies, and credit cooperatives in Czech crowns or in foreign currencies, including interest, are all insured. The deposits of territorial self-governing units are insured only if certain legal conditions have been fulfilled.

Insured deposits

All the following types of deposits at banks, building societies, and credit cooperatives are automatically insured with the Financial Market Guarantee System.

Uninsured deposits

  • Bills of exchange and other securities (e.g. shares, bonds, unit certificates)
  • Deposits of banks (inter-bank deposits), credit cooperatives, investment firms, financial institutions (e.g. investment companies, pension companies), insurance companies, reinsurance companies and health insurance companies. Deposit insurance therefore does not cover pension insurance, life insurance or capital insurance.
  • Deposits of the government
  • Subordinated debt (deposits that the insured institution may in part include in its capital)
  • Pre-paid debit cards not linked to any account, issued in the form of electronic money (e.g. Cool karta, my paysafecard, etc.)
  • Receivables from deposits that, according to a final judgment, arose from the intentional crime of money laundering, unless they were secured for the benefit of victims of the crime.
  • Member’s investments (contributions) of credit cooperatives members (i.e. basic member’s investments and subsequent member’s investments under Section 4b of the Act No 87/1995 Coll., on Savings and Credit Cooperatives, as amended.)
  • Deposits of territorial self-governing units whose tax revenues are over EUR 500,000.

Deposits in branches of foreign banks with registered office in an EU Member State

These deposits are insured by the deposit insurance system in the country where is the registered office of the parent bank. The minimum level of deposit insurance in EU Member States, like in the Czech Republic, is 100% of the deposit, but up to a maximum of EUR 100,000. Information about deposit insurance will be provided to clients by the relevant branch of the foreign bank, or can be obtained from the relevant deposit insurance system.