What is not covered by the Deposit Guarantee Fund

The DGF shall not pay out any funds:

1) put into trust management of a bank;

2) of less than UAH 10;

3) certified by a saving (deposit) certificate payable on demand;

4) lodged to a bank deposit by a person, which is a related party of the bank or has been such a party within one year prior to the date of the decision of the National Bank of Ukraine to categorize such a bank as insolvent (or, in case of the decision of the National Bank of Ukraine to revoke a banking license and liquidate a bank on the grounds specified in part two of Article 77 of the Law Of Ukraine “On Banks and Banking”—within one year prior to the date of the said decision);

5) lodged to a bank deposit by a person, which has provided the bank with professional services as an auditor, an appraiser, in the event that less than one year has passed since the date of the termination of the provision of services till the date of the decision of the National Bank of Ukraine to categorize the bank in question as insolvent (or, in case of the decision of the National Bank of Ukraine to revoke a banking license and liquidate a bank on the grounds specified in part two of Article 77 of the Law of Ukraine “On Banks and Banking”—one year prior to the date of the said decision);

6) held by a substantial shareholder in the bank;

7) in respect of bank deposits, under which depositors receive interest from the bank under contracts concluded on conditions not matching the current market conditions within the meaning of Article 52 of the Law of Ukraine “On Banks and Banking” or enjoy other financial benefits from the bank;

8) under a deposit in a bank, if the said deposit is used by the depositor as the means to secure the performance of another liability to the same bank, in the full amount of the deposit until the date of the performance of liabilities;

9) with subsidiaries of a foreign banks;

10) deposits in banking metals.

11) placed on accounts garnished by court decision;

12)  on accounts of the sole traders*;

13) on the accounts of legal entities.

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* Deposits of sole traders are guaranteed by the DGF regardless of the day of account opening starting from 01 January 2017 for the banks included to the category of insolvent after the 01 January 2017.