Bank deposit and savings compensation schemes vary widely for expats

by Ray Clancy on February 7, 2011

Expat deposit and savings compensations schemes vary

Expats need to remain on their toes over savings compensation rights, despite the higher €100,000 deposit compensation limit now in force in all European Economic Area (EEA) member states.

Research also shows that the amount of compensation paid in the event that a bank goes bust varies widely across the globe with the United States having the best deposit protection scheme while countries like Bahrain and Singapore are much lower. [click to continue…]