What Is a Deposit Protection Service?

The German Deposit Protection Fund refers to the "Deposit Protection Fund" established by the German Federal Bank Association with government support. Provide deposit protection for each private commercial bank depositor who voluntarily participates in deposit protection up to 30% of the bank's equity capital. The scope of protection includes local and foreign currency deposits of residents and non-residents, and large and foreign currency deposits of overseas branches of private commercial banks. ^[1]