{"id":2207,"date":"2020-10-02T09:37:18","date_gmt":"2020-10-02T09:37:18","guid":{"rendered":"http:\/\/ronaldv5.sg-host.com\/?p=2207"},"modified":"2021-09-03T09:06:40","modified_gmt":"2021-09-03T09:06:40","slug":"depositogarantiestelsel-en-bv","status":"publish","type":"post","link":"https:\/\/habermehl.tax\/en\/deposit-guarantee-scheme-en-bv\/","title":{"rendered":"Deposit Guarantee Scheme and BV"},"content":{"rendered":"

Does a BV fall under the deposit guarantee scheme? This question was asked by a trading company after it was confronted with the bankruptcy of its bank.<\/p>\n\n\n\n

The Deposit Guarantee Scheme of the Dutch Central Bank is a scheme that guarantees certain bank balances of account holders if a bank goes bankrupt.<\/p>\n\n\n\n

The deposit guarantee scheme guarantees an amount of \u20ac 100,000 per account holder per bank, regardless of the number of accounts the account holder has. You cannot invoke the deposit guarantee scheme for the amount in excess of \u20ac 100,000 per bank.<\/p>\n\n\n\n

What accounts?<\/h2>\n\n\n\n

Virtually all current and savings accounts, current accounts and fixed-term deposits are covered by the Deposit Guarantee Scheme. Shares are not covered and bonds are usually not covered either.<\/p>\n\n\n\n

Who can call on the Deposit Guarantee Scheme?<\/h2>\n\n\n\n

Private individuals and small businesses can rely on the deposit guarantee scheme. Small businesses are enterprises which are permitted to publish an abridged balance sheet.<\/p>\n\n\n\n

Individuals<\/h2>\n\n\n\n

If the account is held in the name of two (or more) persons jointly (a joint account), each of them will be eligible for cover under the Deposit Guarantee Scheme provided that all the conditions have been satisfied. The cover for a joint account will apply on a pro rata basis, i.e. for two account holders, each for half, unless demonstrably otherwise arranged. If the balance of the joint account is \u20ac 200,000, both account holders are in principle entitled to \u20ac 100,000 each. But beware, if an account holder has one or more other accounts, the maximum applies to all balances together.<\/p>\n\n\n\n

More information can be found on the website of De Nederlandsche Bank www.dnb.nl<\/a>.<\/p>\n\n\n\n

BV and small enterprises<\/h2>\n\n\n\n

Small businesses can also rely on the deposit guarantee scheme. Small undertakings are undertakings which are permitted to publish an abridged balance sheet. A company may publish an abridged balance sheet if it meets two of the following three criteria:<\/p>\n\n\n\n