Deposit insurance

Deposit insurance is one element of the comprehensive deposit protection system in Switzerland. 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 provides concrete protection for bank deposits of up to CHF 100'000 per customer and bank in the event of a bank's bankruptcy.

Unlike bank deposits (also known as cash deposits or demand deposits), securities such as shares and ETFs are not recorded in the bank's balance sheet. This means that they cannot be part of the bankruptcy estate. They are excluded in the event of bankruptcy.

The bank only manages these assets on a fiduciary basis. They always belong to the customers, who remain the owners even in the event of bankruptcy.

As a True Wealth client, you can choose between two custodian banks for asset management, including Basellandschaftliche Kantonalbank (BLKB). The canton of Basel-Landschaft is liable for BLKB's liabilities, which means that deposit protection exceeds the minimum limit of CHF 100'000.

Pension funds under Pillar 3a are invested with us in a BLKB account. This is a relevant customer benefit, as balances in Pillar 3a accounts are not protected by deposit insurance. However, in the event of an incident, the state guarantee of the canton of Basel-Landschaft applies.