esisuisse Deposit Protection: Who Qualifies and What You Get
Learn how esisuisse protects your bank deposits in Switzerland up to a specific limit if your bank goes bankrupt.
This scheme provides a safety net for your money held in Swiss bank accounts if a financial institution becomes insolvent.
Who it's for
This protection is available to any client who holds a bank account in Switzerland. Whether you are an individual managing personal savings or a client using the bank for other purposes, your Swiss bank account is the qualifying factor for this coverage.
What you get
In the event that your bank faces bankruptcy, this scheme provides protection for your cash deposits. You are covered for an amount up to 100,000 CHF per client, per bank. This ensures that your liquid funds are secured up to that specific limit even if the institution can no longer meet its obligations.
What it costs you
There is no cost to you for this protection. You do not need to pay a fee or purchase a separate insurance policy to be covered. The coverage is automatic for all Swiss accounts, meaning you are protected simply by being a client of a covered bank.
The catch to know
It is important to understand the distinction between your cash and your investments. This protection does not cover securities, such as stocks or ETFs, held in custody. These are considered "segregated assets" rather than deposits. While your cash is protected by this specific scheme, your securities are handled under different rules because they are legally separated from the bank's own assets.
How to apply
- No application process is required because coverage is automatic for all eligible accounts.
- Verify that your bank is a participant in the esisuisse system.
- If a bank failure occurs, follow the specific instructions and procedures issued by the relevant authorities to claim your protected funds.