Deposit Insurance
What is Deposit Insurance?
The deposit insurance scheme covers deposits of private and corporate clients held at Arab Bank (Switzerland) Ltd.
In the event of a Swiss bank’s bankruptcy, the deposit insurance scheme protects client deposits against loss up to the amount of CHF 100,000 (laid down by law).
If a client has multiple accounts at the same bank, the credit balances are added together, with a maximum amount of CHF 100,000 covered.
Joint Accounts
If several people own an account together, this group is treated as an individual, separate client when it comes to protection. If this group holds multiple accounts, these are added together.
The balance for the group is protected up to a total of CHF 100,000. As an example, groups might comprise spouses, simple partnerships, communities of heirs or condominium associations.
If individuals in such a group have their own separate client relationship with the bank, a balance of up to CHF 100,000 is also protected for this separate client relationship.
esisuisse & the Swiss Banking Act
esisuisse was founded in Basel in August 2005 under the name Swiss Banks’ and Securities Dealers’ Depositor Protection Association. It is tasked with implementing the deposit insurance scheme set out by law and protects client deposits with banks and securities firms in Switzerland.
All banks with a branch in Switzerland, such as Arab Bank Switzerland, must be members of esisuisse.
Find out more about how Swiss bank deposits are protected:
Related pages
Learn how Arab Bank Switzerland complies with the Financial Services Act (FinSA) designed to strengthen investor protection and enhance transparency in the Swiss financial services sector.
Our Privacy Policy explains how Arab Bank (Switzerland) Ltd treats your personal data in accordance with the Swiss Federal Act on Data Protection when using our website or any of our services and products.
The Automatic Exchange of Information (AEoI) is an international tax standard governing how tax authorities of participating countries exchange information related to taxpayers’ foreign banks and safekeeping accounts with one another.
Learn how Arab Bank Switzerland complies with the Financial Services Act (FinSA) designed to strengthen investor protection and enhance transparency in the Swiss financial services sector.
