The accounts are covered by the deposit guarantee scheme in accordance with a decision by the National Debt Office. Each customer is entitled to compensation for the combined amount on the accounts that they hold, up to a maximum of SEK 1,050,000.
The National Debt Office will make the compensation available to the customer within 7 business days of the date on which the Bank was declared bankrupt, or the Financial Supervisory Authority ordered the guarantee to commence.
Depositors that are not covered by the deposit guarantee
The following depositors, or the non-Swedish equivalents, cannot receive compensation from the guarantee:
banks, credit market companies, securities companies, insurance companies, reinsurance companies, mutual benefit societies, financial institutions according to the Swedish Banking and Financing Business Act, securities funds or alternative investment funds, pension funds, county councils, municipalities or government agencies.