Navigate to main page content
PrivateBusiness
Become a customer

Information about deposit and liability insurance for investors

For more details see the website of the SE Deposit and Investment Insurance.

Deposits held with Swedbank, AB are insured

Public Institution “Deposit and Investment Insurance”

Cover limit

up to EUR 100 000 per depositor for all deposits held with one credit institution1

If you have more deposits with the same credit institution 

all your deposits held with the same credit institution shall be summed up and the total amount shall be subject to the cover limit of EUR 100 0001

If you have a joint account with another person(s)

EUR 100 000 limit shall apply per each depositor2

The period of disbursement of deposit insurance benefit in the case of non-fulfilment of obligations by a credit institution

7 working days3

Currency of payment of deposit insurance benefit

euro

Contact details

Public Institution “Deposit and Investment Insurance”

Algirdo g. 31, Vilnius, LT-03219

Phone: 8 5 2135657

Fax: 8 5 2135546

E-mail: idf@idf.lt

More information

www.iidraudimas.lt

1 If a deposit is not repaid due to the inability of the credit institution to meet its financial obligations, Public Institution “Deposit and Investment Insurance” shall pay deposit insurance benefits to the depositors. The maximum insurance benefit for deposits held with a single credit institution is EUR 100,000 per depositor. In determining the amount of the deposit insurance benefit, all deposits held with the same credit institution are aggregated. For example, a depositor who has a savings account with EUR 90,000 and a current account with EUR 20,000 will only be paid an insurance benefit of EUR 100,000.

In certain cases (when money is transferred to the depositor's account six months or less before the date of the deposit insured event for the sale of residential property owned by the depositor; money inherited by the depositor by will or by law; money received by the depositor as a beneficiary under a life insurance contract or a contract corresponding to its essence in the event of death; money received by the depositor as compensation or a benefit in cases prescribed by law due to the death of another person in the course of work or official duties; benefits or compensation for damage caused by violent crimes), deposits are covered for more than EUR 100,000.

More information can be found on the www.iidraudimas.lt website.

2 If you have a joint account with another person/persons, the level of deposit protection of EUR 100,000 applies separately to each co-owner of the deposit.

3 Insurance benefit payout

Responsible for the deposit insurance scheme is insurance company (Public Institution “Deposit and Investment Insurance”, Algirdo g. 31, LT-03219 Vilnius, tel. (8 5) 2135657, fax (8 5) 2135546, e-mail idf@idf.lt, website www.iidraudimas.lt). It will refund your deposits (up to EUR 100,000) within:

  • 10 working days – from 1 January 2021 through 31 December 2023;
  • 7 working days – from 1 January 2024 onward.

If, prior to 31 December 2023, deposit insurance benefits are not paid within 7 working days of the date of the deposit insured event, from 16 May 2016, the depositor shall get the insurance benefit (advance deposit insurance benefit), which is equal to the amount of the minimum monthly wage, but no more than the amount of eligible deposits held by the depositor. This benefit should be paid during the next 5 working days from the day when the request was received.

If the insurance benefit is not paid to you by these deadlines, you should contact insurance company. More information can be found on the www.iidraudimas.lt website.

Please be informed that according to Article 3(2) of the Republic of Lithuania Law on Insurance of Deposits and Liabilities to Investors, deposit insurance shall not cover (the deposits of the specified entities shall not be the object of deposit insurance, regardless of the legislation of the country under which these entities are incorporated):

1.1. deposits of other credit institutions, held on own account and in own name;

1.2. own funds;

1.3. deposits which have resulted in a conviction in a criminal case concerning money laundering;

1.4. deposits of financial institutions;

1.5. deposits of servicers;

1.6. deposits of financial brokerage firms;

1.7. deposits which have no identified owner (deposits held in anonymous and coded accounts);

1.8. deposits of insurance and reinsurance companies, as well as deposits of insurance and reinsurance companies established in other Member States and third countries;

1.9. deposits of collective investment entities;

1.10. deposits of pension funds;

1.11. deposits of state and municipal institutions and bodies as defined in the Republic of Lithuania Law on the State Service, except for funds belonging to other persons held in deposit accounts of such institutions and bodies;

1.12. deposits of the Bank of Lithuania;

1.13. debt securities and liabilities issued by the participant of the deposit insurance system himself, related to his acceptances and promissory notes;

1.14. electronic money and funds received by electronic money institutions from electronic money holders in exchange for electronic money.

Please be informed that according to Article 8 of the Law on Insurance of Deposits and Liabilities to Investors, payments of insurance compensation for deposits shall not be made:

2.1. for the deposits, funds, money, securities and liabilities, which are not the object of deposit insurance in accordance with Article 3(2) of the Law on Insurance of Deposits and Liabilities to Investors;

2.2. to depositors for deposits in an account in which no deposit-related transactions have taken place in 24 months preceding the date of the deposit insurance event and the amount of the deposit held is less than EUR 10;

2.3. to depositors or other persons who have the right of claim to an insurance compensation for deposit and who have been convicted in a criminal case of money laundering and/or terrorist financing in relation to the legality of the acquisition of the money held by these persons as a deposit.

Please be informed that according to Article 7(4) of the Law on Insurance of Deposits and Liabilities to Investors, the payment of insurance compensation for deposits shall be deferred, when:

3.1. there is a lack of data justifying the right of the requestor to the insurance compensation for deposits or if the deposit is the subject of a legal dispute; until the data justifying the right to the insurance compensation for deposits is provided or until the final decision of the court is enforced resolving the deposit dispute;

3.2. the depositor’s right to access the deposit is limited in the cases and under the conditions provided for by laws; until these limitations are lifted;

3.3. no deposit-related transactions have taken place in 24 months preceding the date of the deposit insurance event; up to 3 months after the date of the deposit insurance event;

3.4. the insurance company receives information from the participant of the deposit insurance system in regard to the amount of insurance compensation for deposits, which will exceed EUR 100 000 due to reasons indicated in Article 4(2) of the Law on Insurance of Deposits and Liabilities to Investors, and for the amount exceeding EUR 100 000; until the amounts indicated in Article 4(2) of the Law on Insurance of Deposits and Liabilities to Investors are clarified, but no later than 3 months after the date of the deposit insurance event;

3.5. the eligible deposit is held in a joint or deposit account; until the amounts belonging to a specific person in a joint or deposit account are clarified, but no later than 3 months after the date of the deposit insurance event;

3.6. the payment of insurance compensation for deposits is made to the depositors of a branch established in a host Member State by a credit institution established in the Republic of Lithuania under Article 7(7) of the Law on Insurance of Deposits and Liabilities to Investors; until the administrator of deposit insurance system of a host Member State confirms that they are prepared to pay insurance compensation for deposits;

3.7. the payment of insurance compensation for deposits is made to the depositors of a branch established in the Republic of Lithuania by a credit institution having its registered office in another Member State under
Article 7(8) of the Law on Insurance of Deposits and Liabilities to Investors; until the administrator of deposit insurance system of a Member State of the registered office, where the credit institution that has established a branch in the Republic of Lithuania is a participant of that system, provides the information to the insurance company that is required for the payment of insurance compensation for deposits and transfers the amount of funds required for the payment of insurance compensation for deposits;

3.8. depositor or other person who has the right of claim to an insurance compensation for deposit is charged with money laundering and/or terrorist financing in relation to the legality of the acquisition of the money held as a deposit; until the date of becoming effective of the final decision of the court.

Detailed information on the terms and conditions of deposit insurance and cases in which deposits are not covered with insurance and restrictions to payment of deposit insurance benefits apply is available on the website of the SE Deposit and Investment Insurance www.iidraudimas.lt.

In accordance with the Republic of Lithuania Law on Insurance of Deposits and Liabilities to Investors, liabilities  to investors are insured by the public institution Deposit and Investment Insurance under the terms and conditions laid down in the Law:

  • The insurance of liabilities to investors serves to insure the Bank’s liabilities to investors (natural and legal persons) to return financial instruments, regardless of the currency in which they are denominated and/or funds in all currencies.
  • The amount of insurance coverage of liabilities to investors shall be equal to the liabilities undertaken by the Bank to the Investor on the date of the insured event however may not exceed EUR 22, 000. When calculating the insurance benefit, the liabilities to investor include only those securities and money of the investor that the Bank is incapable of returning to the Investor.
  • When calculating the amount of insurance compensation for liabilities to investors, all financial instruments and money, which the Bank is incapable of returning to the investor, of one investor are aggregated (including subsidiaries, representations, other structural divisions of the investor’s legal entity or other organisation), however, the total amount of insurance benefit for liabilities to one investor shall not exceed EUR 22, 000.
  • The Bank’s liabilities to the following entities shall not be the object of insurance of liabilities to investors: the Bank of Lithuania, credit institutions, financial brokerage firms, insurance and reinsurance companies that operate in accordance with the Republic of Lithuania Law on Insurance; pension funds, collective investment entities.
  • Payments of insurance compensation for liabilities to investors shall not be made:
    • for the Bank’s liabilities that are not covered with the insurance of liabilities to investors to the above listed entities;
    • to investors holding financial instruments and/or funds regarding which a conviction was handed down resulting from a criminal proceeding on money laundering;
    • heads of administration of the Bank, members of council and board (supervisory) board, persons holding at least 5 per cent of the share capital of the Bank, persons performing independent audit of the Bank (who performed an audit not more than one year before the insured event of liabilities to investors) and close relatives and third parties acting in the name of the afore-listed persons.
  • Examples of circumstances and claims that shall not be subject to the insurance system:
    • The object of the insurance of liabilities to investors is not the investment risk. If the issuer fails to redeem the debt securities or the value of the financial measure decreases, this shall not be the object of the insurance of liabilities to investors.
  • The investor shall acquire the right to the insurance compensation for liabilities to investors from the date of the insured event of liabilities to investors. An insured event – opening of the insolvency proceedings or the decision of the supervisory authority to recognise the Bank insolvent, where the Bank is incapable of fulfilling its obligations to investors for the reasons related to its financial state – is the grounds to consider that it will be unable to do that in the nearest future.
  • The investor acquires the right to the insurance compensation for liabilities to investors in the case where the Bank is incapable of fulfilling the following obligations to the investor under legal acts or contracts:
    • To repay to the  investor money owned by the investor and held in its name which have been transferred to the Bank  to make use of the investment services provided by the Bank;
    • To repay to the investor financial instruments owned by the investor and held in its name, handled or managed by the investor which have been transferred to the Bank to make use of the investment services provided by the Bank.
  • The amount of insurance compensation for liabilities to investors shall be calculated at the market value of the financial instruments of the investor on the day of the insured event of liabilities to investors. The amount of insurance compensation for liabilities to investors held in foreign currency shall be calculated in accordance with the indicative exchange rates of the euro and foreign currencies last published by the European Central Bank on the day of the insured event of liabilities to investors, and in the cases when the European Central Bank does not publish the exchange rates of the euro and foreign currencies – in accordance with the indicative exchange rates of the euro and foreign currencies last published by the Bank of Lithuania.
  • The compensation for liabilities to investors shall be paid out without requesting from the investor to lodge a request to the insurance company. The compensation for liabilities to investors shall be paid within 3 months from the day of the insured event of liabilities to investors. In exceptional circumstances the council of the insurance undertaking, in agreement with the Bank of Lithuania, may extend this time limit for no more than 3 months. The investors shall have the right to claim the reimbursement of compensations for liabilities to investors which shall be valid for 5 years from the date of the payment of compensation for liabilities to investors.

For more details visit the website of the public institution Deposit and Investment Insurance.

Swedbank logo

Jūsų Internet Explorer naršyklė nebepalaikoma.

Prašome naudoti Google Chrome, Mozilla Firefox ar Microsoft Edge naršykles.

Nuo 2021 03 23 nebebus galima jungtis prie „Swedbank“ interneto banko naudojantis naršykle „Internet Explorer“.

Taip pat nebebus galima tvirtinti ar vykdyti mokėjimų iš „Swedbank“ kituose tinklalapiuose naudojantis „Internet Explorer“.

Siūlome Jums naudotis naršyklėmis „Google Chrome“, „Mozilla Firefox“ ar naujausia „Microsoft Edge“ versija. Norėdami sužinoti, kaip įdiegti naršykles spauskite čia.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Swedbank
  • Jūsų įrenginio operacinė sistema ir interneto naršyklė yra pasenusi ir nėra palaikoma Swedbank interneto banke. Prašome atnaujinti operacinę sistemą bei interneto naršyklę arba kreiptis į IT specialistus techninės pagalbos.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have been logged out from Internet bank

For extra security close the browser window. If you wish to continue using Internet bank, please log in again.


Business Academy

For managers who do everything in their businesses.

  • Presentations by Lithuanian business leaders.
  • Stories of business strengthening.
Read more