The guarantee covers deposits in all member banks to a limit of two million Norwegian kroner per depositor per bank.

Eligible deposits:

  • Deposits on savings and current accounts
  • Deposits in both Norwegian kroner and foreign currencies
  • Positive balance (deposit) on credit cards or other credits (flex loans)
  • Deposits on a share savings account (Aksjesparekonto) (not shares or other financial instruments)

Non-eligible deposits:

  • Investments in financial assets like stocks or securities
  • Deposits from depositors with unknown identity
  • Deposits deriving from transactions, which based on a legally binding judgment, violates laws on money laundering or terrorist financing