Basic information about deposit guarantee
| Your deposits in the Cooperative Bank of Chania are covered by: | HELLENIC DEPOSIT & INVESTMENT GUARANTEE FUND (ΤΕΚΕ)1 |
|---|---|
| Coverage Limit | € 100.000 per depositor per credit institution2 For certain categories of deposits and under certain conditions, a higher coverage limit is provided3 |
| If you have more deposits with the same credit institution: | The maximum coverage of the total deposits of each depositor in each credit institution is set at one hundred thousand (100.000) euros.
This limit applies to all deposits held with the same credit institution, regardless of the number of deposits, the currency and the place of deposit within the EU.4 |
| If you have a joint account with another person (or persons): | > The limit of €100.000 applies to each depositor separately |
| Deadline for starting payment of compensation from the date of failure of the credit institution: | 7 working days 5 |
| Currency of compensation: | Euro |
| Contact: | Hellenic Deposit & Investment Guarantee Fund (TEKE)
Address: 6 Amerikis St., Athens, PC 10671 Telephone: 2103639933, 2103635433 Fax: 2103635582 Email: info@hdigf.gr |
| For more information: | www.teke.gr |
Additional Information
1 System that is responsible for covering your deposit.
2 General coverage limit
If a deposit becomes unavailable in a general and permanent manner because a credit institution is found to be unable to meet its obligations to its depositors, in accordance with applicable law by a decision of the competent supervisory or judicial authority, the Hellenic Deposit & Investment Guarantee Fund compensates depositors.
The payment of compensation covers a maximum amount of one hundred thousand (100.000) euros. This means that all deposits of the same depositor in the specific credit institution are added in order to determine the coverage limit. For example, if a depositor maintains a savings account of €90.000 and a current account of €20.000, they will only be reimbursed for €100.000.
3 Special coverage limit
For more information: www.teke.gr
4 Coverage limit for joint accounts
In case of joint accounts, the limit of €100.000 applies to each depositor separately.
For more information: www.teke.gr
5 Compensation
The amount of the compensation is paid by TEKE within seven (7) working days from the date of issuance of the decision provided by law of the competent supervisory or judicial authority. In certain, this deadline may be extended up to a maximum of three (3) months.
The depositor’s right to compensation is statute-barred after the lapse of five (5) years from the above deadlines.
For the purpose of calculating the amount of the compensation, the balances of the deposit accounts shall be offset against all claims of the credit institution against the depositor, if they had become due on or before the date of insolvency of the credit institution.
For more information: www.teke.gr
Other important information
Exceptions for certain categories of deposits are listed on the website of the Hellenic Deposit & Investment Guarantee Fund (TEKE) www.teke.gr. The Cooperative Bank of Chania will inform you, upon request, whether or not certain categories of deposits are covered. In case the deposits are covered, the Cooperative Bank of Chania confirms it in the copy of the account statement.