Deposit protection at BBVA: Security for your money

BBVA (Banco Bilbao Vizcaya Argentaria, SA) is a member of the Spanish deposit guarantee scheme called Fondo de Garantía de Depósitos de Entidades de Crédito (FGD). This system secures deposits up to a fixed limit of €100,000 per customer and bank and ensures that your money remains protected even in the unlikely event of the bank becoming insolvent.

The statutory deposit guarantee system in Germany also protects deposits up to a maximum of €100,000 per customer and bank. This system is organized by the German Banks' Compensation Scheme to ensure that customers get their deposits back in the event of a bank failure.

Just like with the German statutory deposit guarantee scheme, your deposits at BBVA are insured up to €100,000 per depositor. This limit applies to the sum of all accounts you have with the bank – regardless of whether it is a current account or a fixed-term deposit account.

Not all financial products are covered by statutory deposit protection. Deposits in current and savings accounts as well as fixed-term deposits are generally insured. Neither securities nor other investment products such as investment funds are protected by the deposit guarantee system. So if you invest in stocks or funds, you should be aware that they are not legally protected in the event of a bank failure.

It is important to know that both the Spanish and German deposit guarantee systems offer the same protection – up to €100,000 per depositor and bank. Both systems comply with the European Deposit Guarantee Directive (2014/49/EU) and ensure that your deposits are repaid quickly in the event of insolvency.

Even though deposit protection in Spain is provided by the Fondo de Garantía de Depósitos, BBVA, as a member of this system, is subject to the same European requirements for the protection of customer deposits as banks in Germany. For this reason, you don’t have to worry – the security of your deposits remains guaranteed.

If you have multiple deposits with BBVA, they will be added together. For example, if you have €70,000 in a savings account and €40,000 in a current account, a total of €100,000 is insured. However, there is no protection for any amount exceeding this. 

If a credit institution gets into financial difficulties and your deposits are no longer available, the deposit guarantee scheme ensures that you get reimbursed up to €100,000 within 7 business days. This fast response time gives you additional security. The refund will always be made in € – regardless of the currency in which your original deposit was made.

In other EU countries, the protection varies, but is also generally €100,000 per depositor and bank, which was harmonized through EU Directive 2014/49/EU. Some countries offer additional voluntary security systems that extend protection beyond the legal framework.

The EU has standardized deposit guarantees through Directive 2014/49/EU in order to ensure uniform standards for the protection of their citizens' bank deposits. These harmonized rules ensure that all Member States offer a high level of security and that depositors are optimally protected in the event of a bank failure.

The EU has also developed a comprehensive system to ensure financial stability and strengthen citizens' trust in the banking system. In addition to deposit guarantee schemes, the EU also supports measures to monitor and stabilize the banking sector in order to prevent possible crises and enable a rapid response to exceptional circumstances.

For further information, please read the investor information sheet. 

You can also contact the Fondo de Guarantía de Depósitos de Entidades de Crédito:

Address: C/José Ortega y Gasset, 22 - Planta 4

28006 Madrid

Phone: +34 91 431 66 45

site: www.fgd.es

BBVA not only offers you innovative banking services, but also the highest security for your money. Dank der Mitgliedschaft im spanischen Einlagensicherungssystem kannst du dir sicher sein, dass deine Ersparnisse bis zu 100.000 € pro Person geschützt sind. This allows you to concentrate fully on your financial goals – with the peace of mind that your money is in safe hands.