How your money is protected: deposit guarantee in Finland
If a bank were to fail, a deposit-guarantee scheme protects ordinary savers up to a set limit. Here is how it works in Finland.
The €100,000 limit
Deposits in a bank authorised in Finland are protected up to €100,000 per depositor, per bank. This limit is harmonised across the EU under the Deposit Guarantee Schemes Directive. If you hold accounts at two separate banks, each is separately covered; if you hold several accounts at the same bank, they generally count together toward one €100,000 limit.
Who runs it
In Finland the deposit guarantee is administered by the Financial Stability Authority (Rahoitusvakausvirasto) through the national Deposit Guarantee Fund. Banks pay into the fund; savers do not.
What is covered
- Money on current and savings accounts held by private individuals and most companies.
- Compensation is generally paid within a short statutory deadline after a bank is determined to be failing.
What is not covered
- Investments such as funds, shares and bonds are not deposits and are not covered by the deposit guarantee (they may fall under separate investor-compensation rules).
- Amounts above the €100,000 limit at a single bank.
Watch for shared licences
Some brands operate under the same banking licence or as branches; the limit applies per authorised institution, not per brand. If you hold large balances, check under which legal entity your accounts sit. For the legal entity behind each brand, see our bank profiles.
This guide is general information, not financial or investment advice. Rules and terms change — verify details with the relevant provider or authority.
Official sources: Finanssivalvonta (FIN-FSA) · Suomen Pankki · Sources