Concern spread the rumors about "closure" of banks, leading some to transfer their deposits from "small" banks into "high", consistent with a lower return on their deposit. It is logical that if all get their money from private banks, then there will be a serious problem in developed countries.
Although banks are required to inform depositors (Article 9 of Law 2832/2000 ) on how secure the testimony, we have not seen it done so that confusion and uncertainty.
There is, therefore, the Deposit Guarantee Fund , which serves to protect depositors in case of failure of a credit institution to reimburse their deposits. The fund will necessarily involve all credit institutions licensed to operate in Greece , except Deposits and Loans Fund.
The maximum coverage for each depositor, taking into account all deposits at one institution, is 100,000 euros.
With regard to joint accounts opened in the names of two or more persons, the portion allocated to each depositor is considered a separate filing and covered up the ceiling of 100,000 euros.
In simple words:
- If someone has a total of 100,000 euros to a bank you can sleep peacefully.
- If more money eg EUR 300,000, then you should put two more names to the account of that in the event of bankruptcy of the bank, each getting 100,000 x 3 people = 300,000.
- If there is more money and do not guarantee to write his wife and children, then you can split them into several banks without having to go to a bank with extortionate interest rates ...