Deposit Guarantee Scheme
Sint Maarten
The Deposit Guarantee Scheme protects eligible deposits held at participating banks, and credit unions in Sint Maarten.
What is the Deposit Guarantee Scheme?
The Deposit Guarantee Scheme (DGS) protects the money you hold in accounts at banks and credit unions licensed by the CBCS to operate in Sint Maarten. Should your institution in Sint Maarten go bankrupt, you will get your money back up to Cg 50,000 per bank or Cg 25,000 per credit union. The protection is per person per institution, not per account.
Why a Deposit Guarantee Scheme?
Protecting people’s money with the DGS Sint Maarten ensures that you regain access to your guaranteed money, if your bank or credit union goes bankrupt.
Build trust by assuring you that your money is safe and secure in your bank accounts
Strengthens the stability of the financial sector of Sint Maarten
Helps to maintain stability in times of uncertainty.
Learn how your money is
protected by the DGS Sint Maarten.
The DGS Sint Maarten ensures that your money is protected up to the guaranteed amount. Want to learn how it works and how this protection applies to you? Watch the short video to find out more about the DGS Sint Maarten.
Read about the DGS
Certain conditions apply to the DGS Sint Maarten. The “About DGS” section explains whether you’re protected and if your bank or credit union is covered under the DGS Sint Maarten.
Read the FAQ
If you have more questions, please visit our Frequently Asked Questions section.
Read the legislation
The DGS Sint Maarten came into effect on September 28, 2026, with the implementation of the Deposit Guarantee Scheme regulation for Sint Maarten.
Frequently Asked Questions
How high is the protection of the DGS Sint Maarten?
The deposit guarantee scheme protects up to Cg 50,000 per person per bank and up to Cg 25,000 per person per credit union. This includes the accrued interest up to the date of bankruptcy of the bank or credit union. This limit applies to your money in all your accounts combined at the same institution, including the money you hold in a joint account.
Who is protected by the DGS Sint Maarten?
The deposit guarantee scheme applies to all types of account holders, both residents and non-residents, such as:
– adults and minors
– individuals and companies
– foundations and other non-profit organizations
The accounts of financial institutions are not protected by the DGS Sint Maarten.
How do you know if your bank or credit union is covered by the deposit guarantee scheme?
Banks and credit unions that have a license from the CBCS to operate in Sint Maarten are covered by the DGS. You can check this on the page Which banks and credit unions?
If you are in doubt, ask your own bank or credit union whether your money is protected by the DGS Sint Maarten.