| Type: | Directive |
| Deposit Guarantee Directive 2014 | |
| Number: | 2014/49 |
| Status: | Current |
The Deposit Guarantee Directive 2014/49 (2014/49) is a Directive in EU law that requires bank customers' deposits are guaranteed by member states up to €100,000.[1]
Article 1 says the subject matter is rules about "deposit guarantee schemes". Article 3 requires member states designate relevant authorities. Article 6 requires that the "coverage level" is €100,000 "in the event of deposits being unavailable". It also requires greater coverage for 3 months to 12 months for residential transactions, social purposes or insurance and compensation money.
This directive updates the previous directive 94/19/EC of 30 May 1994 on deposit-guarantee schemes.[2]
Article 8 requires repayment within a maximum of 10 working days, and 7 working days from 2024.