Eligible for coverage under the deposit guarantee scheme are:
Private individuals: i.e. natural persons, including minors.
Sole traders: Deposits held by a private individual who is also a sole trader are treated as being held by one and the same person. They are therefore added together to calculate the maximum cover available.
Example:
Peter Jones has two accounts: one for his sole-trader business (trading under the name of Peter Jones’ Butchers) with a credit balance of € 80,000, and one held jointly with his wife (in the name of Peter Jones and Samantha Jones) with a credit balance of € 15,000. Peter Jones is eligible for maximum reimbursement of € 87,500 under the deposit guarantee scheme.
Legal persons, regardless of their size; i.e. small businesses and large corporates are equally entitled to reimbursement under the guarantee scheme. Foundations (stichtingen) and associations (verenigingen) are also separately eligible for reimbursement under the deposit guarantee scheme.
The following account holders are not covered by the deposit guarantee scheme:
Financial institutions such as banks, investment companies, (re)insurance companies, investment funds and investment fund managers, UCITS and pension funds
Government agencies
You can find full details of who is covered by the deposit guarantee scheme on the DNB website .