Deposit guarantee

Are my deposits protected under the deposit insurance esisuisse? Yes, like any bank and any securities firm in Switzerland, Crédit Agricole next bank is required to sign the Self-regulation “Agreement between esisuisse and its members”

What is deposit insurance?

Deposits at Crédit Agricole next bank are covered by the deposit insurance scheme. In the event of a bank’s bankruptcy, the deposit insurance scheme protects client deposits against loss up to the amount of CHF 100 000 (laid down by law). If a client has multiple accounts at the same bank, the credit balances are added together, with a maximum amount of CHF 100 000 covered.

What is changing for joint accounts?

Until 31 December 2022, the group’s balance is divided among the individuals in the group, the split amount then added together with claims from individuals’ own separate client relationship and the protection capped at CHF 100 000 per person.

From 1 January 2023, if several persons own an account together, this group is treated as an individual, separate client when it comes to protection. If this group holds multiple accounts, these are added together. The balance for the group is protected up to a total of CHF 100 000. As an example, groups might comprise spouses, simple partnerships, communities of heirs or condominium associations.

If individuals in such a group have their own separate client relationship with the bank, a balance of up to CHF 100 000 is also protected for this separate client relationship.

Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at https://www.esisuisse.ch/en