# Deposit Guarantee in Spain (2026): EUR 100,000 and Which Fund Covers You

> How deposits are protected in Spain in October 2026: the FGD covers up to EUR 100,000 per holder and bank, the bank's licence decides which country's fund applies, and e-money accounts are safeguarded rather than guaranteed.

Updated: October 2026 · By Jules · URL: https://www.how-to-spain.com/finance/deposit-guarantee

Spain's **FGD** generally guarantees deposits up to **EUR 100,000 per holder and per bank**, as of October 2026. The fund follows the bank's **licence, not the IBAN**: ING Espana is covered by the Dutch scheme and N26 by the German one, each up to EUR 100,000, even with a Spanish IBAN. E-money accounts such as Wise and Nickel are **safeguarded, not guaranteed**.

## What Does the Guarantee Cover?

Deposit protection rules, October 2026.
| Topic | Rule | Legal basis |
| --- | --- | --- |
| How much is covered | Spain's FGD generally guarantees deposits up to EUR 100,000 per holder and per bank. | [Fondo de Garantia de Depositos de Entidades de Credito](https://www.fgd.es) |
| Which fund protects you | The fund follows the bank's licence, not the IBAN. A bank licensed in another EU country is covered by that country's scheme even when it gives you a Spanish IBAN; N26, for example, states that its deposits are covered up to EUR 100,000 by the German scheme. | [EU deposit guarantee schemes (research finding F8)](https://n26.com/es-es/seguridad) |
| E-money accounts | E-money and payment institutions do not take deposits, so no deposit guarantee applies: they safeguard customer funds in segregated accounts instead. Nickel states this on its own site. | [E-money safeguarding (research 3D)](https://nickel.eu/es-es) |

## Which Fund Covers Each Bank or App?

Confirmed rows were read on the provider's or the FGD's own page on 2026-10-25; the others are the research's mapping, not yet confirmed.
| Bank or app | Protection | Status |
| --- | --- | --- |
| Spanish banks (BBVA, Santander, CaixaBank and others) | Spain: FGD, up to EUR 100,000 | [Confirmed](https://www.fgd.es) |
| ING Espana | Netherlands: Dutch scheme, up to EUR 100,000 | [Confirmed](https://www.ing.es/tarjetas-ing/pago-flexible) |
| N26 | Germany: German scheme, up to EUR 100,000 | [Confirmed](https://n26.com/es-es/seguridad) |
| Nickel | No deposit guarantee: funds safeguarded in segregated accounts | [Confirmed](https://nickel.eu/es-es) |
| Revolut | Lithuania: Lithuanian scheme | Reported by the research, not confirmed |
| bunq | Netherlands: Dutch scheme | Reported by the research, not confirmed |
| Trade Republic | Germany, and partly money-market funds that are not deposits | Reported by the research, not confirmed |
| Wise | No deposit guarantee: safeguarded e-money (Belgium) | Reported by the research, not confirmed |

## Change log

Updated 25 October 2026

- 2026-10-25 Published: deposit guarantee in Spain, the EUR 100,000 FGD limit and which fund covers each bank

## What Should You Read Next?

[### Neobanks and Fintech Apps in Spain N26, Revolut, Wise and the others.](/finance/fintech-apps)[### Open a Bank Account in Spain Documents and the passport-only route.](/finance/open-a-bank-account)[### FGD: Facts Spain's deposit guarantee fund in brief.](/facts/fgd)

## Frequently Asked Questions

### How much of my money is guaranteed if a Spanish bank fails?

Spain's FGD generally guarantees up to EUR 100,000 per holder and per bank (October 2026). The limit is per bank, so money split across two banks is covered separately at each.

### Are foreign banks with a Spanish IBAN safe in Spain?

They are covered by their home country's deposit guarantee scheme, not Spain's FGD, because the fund follows the licence, not the IBAN. N26, for example, states that its deposits are covered up to EUR 100,000 by the German scheme.

### Is money in Wise or Nickel covered by a deposit guarantee?

No. They are e-money or payment institutions that safeguard customer funds in segregated accounts; no deposit guarantee fund covers those balances.

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Source: https://www.how-to-spain.com/finance/deposit-guarantee
Last updated: Updated: October 2026
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