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You lose all of the money over the amount that isn't insured. If the bank even has insurance.
by JacobH 10y ago
You lose all of the money over the amount that isn't insured. If the bank even has insurance.
- gnud 10y agoAll banks in EU are insured, but the max amount and percentage varies. The amount/percentage for Germany is 100% of up to EUR 100.000, according to Wikipedia.
- mrweasel 10y agoWhat I find interesting is that you lose all money over the insurance amount, but you're guaranteed that someone will buy up any debt you may have, regardless of the amount. While I understand why that is, it hardly seems fair that the customers can only lose money.
- mathiasrw 10y agoIts working as designed. "Fair" was never part of the plan...
- asciihacker 10y agoYes, a bank is a business not a charity. Customer service is important but saving their own skin appears to matter more.