Answer the three questions below to quickly determine whether you, your company, or someone else, is protected under the deposit guarantee for the Caribbean Netherlands ("BES islands").
If you answer "yes" to all three questions, you can be almost certain that your money, or that of your company is protected up to USD 10,000 per person or company, per bank. Certain exclusions apply. For more information, read the factsheet.
If you answer "no" to one or more questions, your money, or that of your company, is most likely not protected under the deposit guarantee.
1. Is your money, or that of your company, placed on a bank account with a branch on Bonaire, St Eustatius or Saba of a bank that is covered by the deposit guarantee for Caribbean Netherlands?
The deposit guarantee protects money placed by residents of the public entities Bonaire, St Eustatius and Saba with banks that are licensed by De Nederlandsche Bank to operate on those islands. A deposit is money in bank accounts like current accounts, savings accounts and time deposits.
2. Are you, or is your company, formally registered as the owner of the account(s) on which the money is placed?
Deposits are protected up to USD 10,000 per person or company, per licensed bank. The rule means that if a person or company has more than one account with a bank, the compensation limit applies to the total amount of all accounts held by that person or company. The rule also means that for joint accounts the limit applies to each named account holder.
In certain situations, an account holder can hold a deposit for the benefit of one or more other persons or companies. If such a beneficiary deposit satisfies a number of criteria, this other (or: third) person or company will be protected by the deposit guarantee. For more information, read the factsheet.
3. Are you a resident with a sedula issued by the public entities Bonaire, St Eustatius or Saba / Is your company registered in Bonaire, St Eustatius or Saba?
If you are a resident of the public bodies of Bonaire, St Eustatius or Saba, and are therefore in the possession of a sedula, the official identity document of the Caribbean Netherlands, issued by one of these public bodies, you will be covered by the DGS for the Caribbean Netherlands. The money you hold with banks authorised by De Nederlandsche Bank to operate on those islands is protected up to USD 10,000 per person, per bank. The deposit guarantee scheme also applies to bank balances of companies having their registered offices in the Caribbean Netherlands.
The deposit guarantee does not apply to certain account holders. For more information, read the factsheet.