Einlagensicher
Einlagensicher is a German term that translates to "deposit insurance" in English. It refers to a system of protection for bank depositors in the event of a bank's failure. In Germany, the Einlagensicherung is provided by the German Deposit Insurance Fund (Eingabesicherung), which is a public institution established under the supervision of the Federal Financial Supervisory Authority (BaFin).
The primary purpose of Einlagensicher is to ensure that depositors' funds are protected up to a certain
The Einlagensicher system is mandatory for all banks operating in Germany. Banks are required to contribute
In addition to the deposit insurance, the German Deposit Insurance Fund also provides other forms of support