Informations on Esisuisse Deposit Protection
The Swiss deposit guarantee protects the general public from loss in the event of a bank failure.
Certain deposits with BANQUE BANORIENT (Suisse) SA are covered by the deposit protection.
Deposits are customer assets held in accounts managed by the bank.
Guaranteed deposits are:
- Assets in national currency on accounts in the customer’s name.
- Assets in metal accounts (gold, silver, platinum and palladium) insofar as the customer has an exclusive or alternative contractual right to payment in national currency.
- Bearer-denominated medium-term notes in local currency deposited with the issuing bank.
- Sight deposits, term deposits or term investments with the Bank.
- Deposits denominated in foreign national currencies are also covered by the deposit guarantee.
In the event of a bank failure, the deposit protection scheme protects customer deposits of up to CHF 100,000 from loss.
- Where more than one person holds an account, this community will be treated as one customer for the purposes of the guarantee.
- If this community holds several accounts in common, their balances will be added together.
- Deposits in the name of such a community are guaranteed up to CHF 100,000.
- Where individuals belonging to such a community maintain a separate customer relationship with the bank, deposits up to CHF 100,000 are also guaranteed for this separate customer relationship.
Example 1
- A couple have only one joint account with a balance of CHF 140,000.
- As a community, they have guaranteed deposits of CHF 100,000.
Example 2
- A couple has a joint account with a balance of CHF 140,000.
- also has an individual account with a balance of CHF 50,000.
- also has an individual account with a balance of CHF 20,000.
- As a community, they have a guaranteed deposit of CHF 100,000 on the joint account.
- Mrs’s deposit of CHF 50,000 and Mr.’s deposit of CHF 20,000 are also fully guaranteed.
- In this example, the total guarantee amounts to CHF 170,000.
