Information about deposit and liability insurance for investors

Deposits held with Swedbank, AB are insured

with the SE 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

20 working days3

Currency of payment of deposit insurance benefit

euro

Contact details

SE 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 In the cases of non-repayment of deposits because of a credit institution’s default on its financial obligations, the SE Deposit and Investment Insurance shall pay deposit insurance benefits to depositors. The maximum amount of deposits held with one credit institution per depositor is EUR 100 000. For the purpose of determining the amount of a deposit insurance benefit all deposits held with the same credit institution shall be summed up. E.g., if a depositor has a savings account with EUR 90 000 and a current account with EUR 20 000, the insurance benefit paid to such a depositor shall be only EUR 100 000.

In certain cases the amount of the deposit cover shall be in excess of EUR 100 000:  when no earlier than 6 months before the day of the insured event of deposits, the depositor’s account is credited with the amount of money received for:

  • sale of a residential house held by the depositor by right of ownership (up to 300 000 EUR);
  • money inherited by the depositor in the capacity of heir or legatee (up to 200 000 EUR);
  • money received in the event of death by the depositor as a beneficiary under a life insurance contract or any other contract of analogous nature (up to 200 000 EUR);
  • money received by the depositor as a compensation in the cases established by laws as a result of another person’s death at work or while carrying out the official duties or payments of analogous nature (up to 200 000 EUR);
  • benefits or compensations for damage inflicted by violent crimes (up to 200 000 EUR).

2 If you have a joint account with other person(s), the EUR 100 000 cover limit shall apply to each co-owner of the deposit separately.

3 Disbursement of insurance benefits.

The SE Deposit and Investment Insurance (Algirdo g. 31, Vilnius, LT-03219, tel. 8 5 2135657, fax 8 5 2135546, e-mail: idf@idf.lt, website: www.iidraudimas.lt), which is in charge of the deposit insurance system, shall repay your deposits (up to EUR 100 000) no later than within:

– 20 working days until 31 December 2018;

– 15 working days between 1 January 2019 and 31 December 2020;

– 10 working days between 1 January 2021 and 31 December 2023;

– 7 working days from 1 January 2024.

Where until 31 December 2023, deposit insurance benefits are not disbursed within 7 working days of the insured event of deposits, as from 16 May 2016, at the depositor’s request, within 5 working days of the day of receipt of the request, the depositor shall receive the part of the insurance benefit for deposits equal to the minimum monthly wage, but not larger than the amount of eligible deposits held by the depositor (an advance deposit insurance benefit).

If the insurance benefit is not paid to you within the specified time limits, you should contact the SE Deposit and Investment Insurance. More information is available at www.iidraudimas.lt.

  • Deposit insurance does not cover the following deposits

  • Deposit insurance benefits are not paid

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.