What is deposit insurance?

Deposit insurance in Switzerland is one element of the more comprehensive depositor protection. While depositor protection contributes to the protection of bank customers through a bundle of measures such as regulation, supervision by FINMA and stabilization measures by the Swiss National Bank, deposit insurance is the concrete protection of bank deposits of up to CHF 100'000 per customer and bank in the event of bankruptcy of a bank.

In contrast to bank deposits (also known as cash deposits or sight deposits), custody account assets such as shares and ETFs are the property of customers. In the event of bankruptcy, they are completely segregated from the bankruptcy estate by law.

As a True Wealth client, you can choose between two custodian banks for wealth management, one of which is Basellandschaftliche Kantonalbank (BLKB). The Canton of Basel-Landschaft is liable by law for the liabilities of BLKB, which means that the deposit guarantee exceeds the minimum limit of CHF 100'000.

The Pillar 3a pension assets are invested with us in an account at Basellandschaftliche Kantonalbank (BLKB) – this is a relevant customer benefit, as the assets in Pillar 3a accounts are not protected by the deposit insurance.