Guarantee coverage extends to the funds held by the depositor in the bank accounts or in the accounts at the cooperative savings and credit unions (PLN and foreign currencies) where the depositor is a party to the agreement.

Furthermore, guarantee coverage includes:

in the event of a bank or branch of a foreign bank:

  • other depositor claims arising under deposits payable on demand or within the prescribed terms accepted by the bank and accounts maintained for such deposits,
  • depositor claims arising under the bank financial settlements pursued by the bank,
  • the amounts spent on the funeral expenses of the account holder and on the disposal of the deposit in the event of the account holder demise, as long as they come due prior to the date of meeting the guarantee condition,
  • depositor claims arising under the bank securities, supported by the registered instruments issued by the issuer or registered deposit certificates, if the securities had been issued prior to 2 July 2014.

in the event of a cooperative savings and credit union:

  •  other depositor claims arising under the depositor accounts maintained by the savings and credit union,
  •  depositor claims arising under the financial settlements pursued by the savings and credit union,
  • the amounts spent on the funeral expenses of the account holder and on the disposal of the deposit in the event of the account holder demise, as long as they come due prior to the date of meeting the guarantee condition.

Most specifically, the following are not subject to guarantee coverage:

  • funds paid to cooperative banks and credit unions by way of shares, entry fee and membership contributions,
  • funds in the so-called “dead” accounts with balances not exceeding the PLN equivalent of EUR 2.5, if the depositor holds no other funds covered by the guarantee coverage,
  • the electronic money within the meaning of the Law on Payment Services.