Public awareness of the deposit guarantee is important
Raising awareness of the deposit guarantee is a joint effort with banks on Bonaire that are protected by the guarantee. The purpose of this is to make clear to customers that their bank is a member of the deposit guarantee. Bonaire residents will also be informed through internet and radio.
De Nederlandsche Bank (DNB), responsible for managing the deposit guarantee for the Caribbean Netherlands, considers it important that residents are aware of the existence of the guarantee and its main conditions. Thanks to the deposit guarantee, customers of a bank can be assured that their savings are protected should anything happen to a bank. In this way, the guarantee also contributes to financial stability. Around the world, there are over one hundred countries that have in place a deposit guarantee system.
Conditions of the deposit guarantee
The brochure on the deposit guarantee clarifies that residents of Bonaire, St Eustatius and Saba are protected up to USD 10,000 per person, per bank, provided they meet the following three conditions:
The money is placed on an account of a bank that has been licensed by DNB and operates on Bonaire, St Eustatius or Saba;
The resident (or company) is formally registered with the bank as the owner of the account;
The resident has a sedula (or is a company) issued by the public entity Bonaire, St Eustatius or Saba.
Further information for residents
Residents of Bonaire who want further information about the deposit guarantee for the Caribbean Netherlands should contact their branch or visit their bank's website. Visit DNB's website for the Caribbean Netherlands (www.cn.dnb.nl) for further information about the deposit guarantee. The website offers the brochure and a factsheet in three different languages. Both documents explain how the deposit guarantee works. If you have any questions , you can also email or call DNB's Information Desk (in Dutch or English).
For media enquiries please contact Lucia Beck (+599 7819050) and Carla de Konink (+599 7810005) of the National Office for the Caribbean Netherlands, or Sven Stevenson (+31 6 2112 3939) of De Nederlandsche Bank.