Handelsbanken's accounts are covered by the deposit guarantee scheme in accordance with a decision by the Swedish National Debt Office. Exceptions apply to Individual Pension Savings (IPS), mutual fund accounts and bankers' drafts.
You can receive compensation for money that you have in accounts with the Bank, up to SEK 1,150,000. The compensation applies per customer and bank. The compensation is not affected if you have debts to the Bank.
If you share an account with another person, each of you can receive compensation for your own share of the money in the account. You cannot receive compensation for the other person's share.
The Swedish National Debt Office will make the compensation available to you within 7 business days from the date on which the Bank goes bankrupt. This also applies if the Swedish Financial Supervisory Authority decides that the deposit guarantee scheme is to apply.
In certain cases, you may receive compensation of up to SEK 5 million in addition to the compensation of SEK 1,150,000. This applies to money that you have received in connection with certain life events, and if the conditions for the additional compensation are met. This may, for example, be money from the sale of private housing, termination of employment, inheritance or insurance compensation.
Companies and organisations that cannot receive compensation
Deposits from personal customers and corporate customers are normally covered by the deposit guarantee scheme. However, there are certain companies and organisations that cannot receive compensation from the deposit guarantee scheme.
Section 5 of the Deposit Guarantee Act (1995:1571) states who cannot receive compensation from the deposit guarantee scheme. This also applies to corresponding depositors in other countries.
Those who cannot receive compensation are:
- banks
- credit market companies
- securities companies
- insurance companies
- reinsurance companies
- occupational pension companies
- mutual benefit societies
- financial institutions according to the Banking and Financing Business Act
- securities funds or alternative investment funds
- pension funds
- regions, municipalities or other government agencies
- depositors who have not been identified in accordance with the Act on Measures against Money Laundering and Financing of Terrorism
More information from the Swedish National Debt Office
You can read more about the deposit guarantee scheme on the Swedish National Debt Office's website.