Deposit Insurance

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liroyb

🗣️ Active Recruit
Jul 5, 2020
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Does insurance on deposit apply only for deposits in home currency?
For example, if you hold 75,000 GBP in Luxembourg bank would that be insured? or the deposit must be in EUR?
 
nope, currency doesn't matter
it's an equivalent of 100k EUR in any currency on all‌ accounts in client's name at given institution combined
 
You should be aware that not all financial services have such insurance.
 
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