Detailed information about deposit insurance, cases where deposits are not insured, and situations in which payout limits apply is available on the website of the Deposit and Investment Insurance (Indėlių ir investicijų draudimas) at www.iidraudimas.lt.
| Deposits held at Finora Bank UAB are insured by: | in the state company Deposit and Investment Insurance |
| Protection limit: | Up to 100 000 EUR per depositor for all deposits held at the same credit institution.¹ |
| If you have several deposits at the same credit institution: | All deposits in that institution are aggregated and the total balance is covered up to 100 000 EUR.¹ |
| If you hold a joint account with another person (or persons): | The limit of 100 000 EUR applies separately to each account holder.² |
| Payout period if the credit institution fails to meet its obligations: | 7 working days |
| Payout currency: | Euro |
| Contact details: | Deposit and Investment Insurance Savanoriu pr. 5, LT-03116 Vilnius Tel. +370 5 213 5657 Email: idf@idf.lt |
| More information: | www.iidraudimas.lt |
Notes
¹ Explanation for points 2 and 3
If a deposit is not repaid because the institution cannot meet its financial obligations, the insurance institution pays compensation. The maximum compensation per depositor in one institution is 100 000 EUR. All deposits in the same institution are added together.
Example: if you hold a savings account with 90 000 EUR and a current account with 20 000 EUR, the payout will be 100 000 EUR.
In certain cases (for example, money received from selling a residential property, inherited funds, life insurance payouts in case of death, compensations for fatal work accidents, or compensation for violent crimes received in the last 6 months), deposits may be insured above 100,000 EUR.
More information is available at www.iidraudimas.lt.
² Explanation for point 4
For joint accounts, each co-owner is covered up to 100,000 EUR.
³ Explanation for point 5
The insurance institution is responsible for the deposit insurance system and will repay your insured deposits (up to 100 000 EUR) no later than within 7 working days.
If compensation is not received within this period, you should contact the insurance institution. More details can be found at www.iidraudimas.lt.
Additional important information
n general, all retail and corporate deposits are insured.
Certain exclusions apply. The list of non-insured deposits is provided on the insurance institution’s website www.iidraudimas.lt.
Your credit institution must also inform you if a specific product is not insured. If the deposit is insured, this is confirmed in the account statement.
