Guarantee deposits

Now if someone is up to 100,000 in one account says that he can sleep peacefully. If a bank is insolvent, the applicant goes to the deposit guarantee fund in order to get money. Well, this warranty for the money we need to get from the bank when the example of a deposit or automatically by the presentation of passbooks. Do I need to get written?
This is a comment on "Fixed deposits"
Comments (1)
1 Sunday, 22 November 2009 15:19
Ο Τσιγκούνης
The warranty applies automatically to all deposits up to 100,000 per depositor in each bank. But beware, some foreign banks operating in Greece are covered by guarantee funds of countries of origin, such as Citibank, so the amount of coverage varies.