Security for your money: Deposit protection at BBVA

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.

Since BBVA operates in Germany as a branch of the Spanish BBVA SA, deposits are protected by the Spanish deposit guarantee scheme. In the event that compensation is necessary, the competent German deposit guarantee scheme generally handles the payout to the customers who have been affected. This entity acts on behalf of the Spanish Deposit Guarantee Scheme (FGD), which provides the necessary funds. The German deposit protection scheme also informs the affected customers and serves as a local point of contact.

For BBVA customers in Germany, this role is assumed by:

Compensation Scheme of German Banks GmbH (EdB)
Burgstraße 28
10178 Berlin
info@edb-banken.de
+49 30 590011960
https://edb-banken.de

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.

BBVA is easily among the leading banks in Spain and is one of the largest banks in the country based on its market value. BBVA also has a strong presence in Mexico and other countries.

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. Other financial products such as stocks, securities and investment funds, however, are not covered by statutory deposit insurance.

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 accounts with BBVA, the funds you have in them 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. Refunds are always issued in €.

In other EU countries, the protection varies, but is generally also €100,000 per depositor and bank, which was harmonized through EU Directive 2014/49/EU. Some countries offer additional voluntary security schemes that are able to offer advanced protection.

In order to ensure common standards for the protection of its citizens' bank deposits, the EU has harmonized deposit protection through Directive 2014/49/EU. 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 that contributes to financial stability and strengthens 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.