Deposit insurance

General information on deposit protection

Deposits held in Medicinos Bankas UAB are insured

In state enterprise Indėlių ir investicijų draudimas

Protection limit

Up to €100,000 per depositor for all deposits held in one credit institution *

If you have more deposits in the same credit institution

All your deposits held in the same credit institution are aggregated and the protection limit of € 100,000 applies to the total amount*

If you have a joint account with another(other) person(s)

The limit of €100,000 applies individually to each depositor**

Deadline for the payment of a deposit insurance indemnity if the credit institution does not fulfil its obligations

20 banking days***

The currency of payment of a deposit insurance indemnity

Euro

Contact data

State Enterprise Indėlių ir investicijų draudimas, address Algirdo g. 31, Vilnius, tel. +370 5 213 5657, fax +370 5 213 5546, e-mail idf@idf.lt

Further information

Deposits held in Medicinos Bankas UAB are insured

In state enterprise Indėlių ir investicijų draudimas

Protection limit

Up to €100,000 per depositor for all deposits held in one credit institution *

If you have more deposits in the same credit institution

All your deposits held in the same credit institution are aggregated and the protection limit of € 100,000 applies to the total amount*

If you have a joint account with another(other) person(s)

The limit of €100,000 applies individually to each depositor**

Deadline for the payment of a deposit insurance indemnity if the credit institution does not fulfil its obligations

20 banking days***

The currency of payment of a deposit insurance indemnity

Euro

Contact data

State Enterprise Indėlių ir investicijų draudimas, address Algirdo g. 31, Vilnius, tel. +370 5 213 5657, fax +370 5 213 5546, e-mail idf@idf.lt

Further information

Other important information

In principle, all deposits of individual and business depositors are insured by the State Enterprise Indėlių ir investicijų draudimas.

The exemptions for certain deposits are indicated on the website of the State Enterprise Indėlių ir investicijų draudimas www.iidraudimas.lt. On your request, the credit institution shall also inform you if certain products are insured. If the deposits are insured, the credit institution confirms it in the statement of account.

Cases when deposits are not insured and when restrictions on payment of deposit insurance benefit apply

The deposit insurance does not include:

Limitations on payment of deposit insurance benefits:

Deferral of the Deposit Insurance Benefit Payment

In cases provided by the Law of the Republic of Lithuania on Insurance of Deposits and Liabilities to Investors (see www.iidraudimas.lt),  the payment of the deposit insurance benefit may be delayed, for example, if the data justifying the right to the deposit insurance benefit, either due to a legal dispute or the depositor has a limited right to manage the deposit.

Detailed information on deposit insurance conditions and cases where deposits are not insured and when restrictions on payment of deposit insurance benefits are imposed is available on the website of the State Enterprise Indėlių ir investicijų draudimas  www.iidraudimas.lt.

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