European Deposit Guarantee Schemes Directive (DGSD)

Deposit Guarantee Schemes have been harmonised across the member states of the EU, protecting the first EUR100,000 of eligible deposits held with banks in the event that they fail. Eligible deposits at all EU branches of Bank of America Europe DAC are protected by the Irish Deposit Guarantee Scheme.


Eligible deposits at Bank of America Europe DAC, Zurich Branch are protected under the Swiss Deposit Guarantee Scheme, up to CHF 100,000.


Eligible deposits at Bank of America N.A. London branch are protected by the Financial Services Compensation Scheme in the United Kingdom, up to £85,000.


Further information on the deposit protection schemes operating in each of the jurisdictions can be found below.