Deposit Guarantee and Investors Guarantee fund
The FGDR is the organization whose mission is to protect customers from a failed bank or an investment service provider.
Created by law, the Fonds de Garantie des Dépôts et de Résolution - FGDR compensates depositors, for an amount up to €100,000 per person, per institution, when a banking institution fails. A guarantee that benefits all bank customers, private individuals, businesses of any size and associations. For more information.
All deposit accounts are covered by the FGDR Deposit Guarantee (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc…).
For factoring, the Deposit Guarantee covers the Net Global Balance.