Security as the Highest Asset
As a German deposit credit institute, Varengold Bank AG is a member of the Compensation Scheme of German Banks (EdB). Through the legal deposit protection connected with this, customer deposits up to a total of EUR 100,000 Euro per creditor are protected.
The EdB is responsible for compensating the creditor for the non-returned deposits in the event of damage to a banking institute belonging to the EdB. The deposit protection includes primary savings and time deposits as well as savings bonds. Trading accounts (e.g. brokerage accounts for foreign exchange and CFD trading) are also protected completely (maximum of 100,000 euros).
In addition to the protection of capital deposits, the deposit protection also includes liabilities from securities transactions with the deposit credit institute amounting to 90% up to a maximum of 20,000 Euro counter-value.
You can find more information at: www.edb-banken.de