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

Eligible depositors:

  • Individuals, corporations and associations  
  • If the deposit is made in the Norwegian operations of the bank, the coverage limit of 2 million Norwegian kroner applies to both Norwegian and foreign citizens and companies

If you have a deposit in Norwegian banks' operations abroad (as branches or cross border activity) a coverage limit of EUR 100,000 applies, please see this article regarding Norwegian banks' operations abroad

Non-eligible depositors:

  • Credit institutions and financial institutions like other banks, payment companies, holding companies in financial groups, insurance companies, etc.
  • Public authorities                                                                                          

Member banks are obliged to mark deposits covered by the guarantee scheme, so it is always apparent which deposits are covered.