The amount to be paid out is determined by deducting a depositor`s due liabilities to the bank from the sum of balances on all accounts that a depositor has with the bank on the day of opening the bankruptcy.
The guaranteed amount is determined as follows:
First, all deposits of one depositor in the bankrupt bank are added up, including any accrued interest (up to the bank bankruptcy date). Then all due liabilities of the depositor to this bank are deducted from the total sum. The resulting balance can be lower, higher or equal to the guaranteed deposit of 50,000 euros. If the resulting balance is less than 50,000 euros, the depositor is paid the total amount available sum up to the amount of the guaranteed deposit. If the balance is equal to or exceeds 50,000 euros, the depositor is paid 50,000 euros, and the remainder from the bankruptcy estate.