Talletussuojarahasto

Talletussuojarahasto is Finland’s deposit guarantee scheme. It provides protection for private individuals and small businesses by guaranteeing bank deposits held in Finnish-licensed credit institutions up to a fixed limit per depositor per bank. The current protection cap is 100,000 euros. The scheme covers cash deposits such as current accounts, savings accounts, and term deposits, but does not insure investment products like funds, shares, or bonds.

The fund is financed by annual contributions from member banks operating in Finland. Contributions are calculated to reflect the size and risk profile of deposits held at each institution. The administration of the fund is independent, but the scheme operates under the supervision of the Finnish Financial Supervisory Authority (FIN-FSA) and in accordance with EU rules on deposit guarantee schemes, notably Directive 2014/49/EU.

In the event of a bank’s insolvency or other failure, the talletussuojarahasto reimburses eligible depositors up to the 100,000 euro cap. Payouts are intended to be timely and are typically processed within the framework set by EU guidelines. If a depositor holds deposits in more than one bank, each bank is treated separately for the purposes of the cap.

The Finnish scheme is part of the broader European system of deposit protection. It cooperates with national authorities and European frameworks to ensure deposit protection, including cross-border considerations within the EU banking market. This structure aims to maintain public confidence in the stability of Finland’s banking system and to provide rapid relief for savers in distress.