We protect
your deposits
The Interbank Deposit Protection Fund is a private-law Consortium established in 1987 on a voluntary basis. It has since become a mandatory Fund. FITD guarantee deposits in the member banks up to 100,000 euro for depositor for bank.
Member banks
All Italian banks are members of the FITD, except for the cooperative banks, rural/raiffeisen banks (that are instead members of the Depositors Guarantee Fund of Credit Cooperative Banks) and branches of non-EU banks authorized in Italy if they already participate in an equivalent scheme in their home country.
What we do
Depositor guarantee
FITD guarantee deposits in the member banks up to 100,000€ for depositor.
International cooperation
FITD actively operates within the network formed by the guarantee systems at international level.
Last news
Read all news →14 June 2024
End of the 79th IADI Executive Council Meeting
After four intense and productive days, IADI's 79th EXCO Meetings in Rome has come to an end. FITD had the honor of hosting more than 90 participants in attendance from 33 nations, discussing issues c ...
10 June 2024
79th IADI Executive Council Meeting
FITD is pleased to announce that the 79th EXCO Regional and Council Committee Meetings of the International Association of Deposit Insurers (IADI) will be held in Rome from June 11-14, 2024. This even ...
05 June 2024
Meeting with Pope Francis
Today the Chair and Vice-Chair of the International Associaton of Deposit Insurers - IADI (Alejandro Lopez and Alfredo Pallini - Director General of the FITD ) had the honour of meeting Pope Francis a ...
15 May 2024
Press Release FITD and SVI
A press release on FITD Board and SVI Board of Management held today is available in the Communications section.
11 March 2024
IADI work priorities for 2024
The FITD and, in particular, the Director General, have been actively involved in the recent initiatives of the International Association of Deposit Insurers (IADI), which in the press release publish ...
26 February 2024
Press Release FITD and SVI
A press release on FITD and SVI Annual General Assemblies of today is available in the Communications section.
What is the scope of coverage of FITD? |
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FITD coverage applies to: current accounts, cash and time deposits, nominative certificates of deposit, nominative saving books and banking drafts.
What is the coverage level applied to the FITD guarantee? |
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The level of coverage is 100,000 euro per depositor per institution. The limit also applies for banks of the same banking group.
When are depositors reimbursed? |
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The reimbursement of depositors occurs only in case of Compulsory Administrative Liquidation of a bank.
Banking law
How long does the reimbursement process take? |
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Depositors are reimbursed within 7 working days from the date on which the Compulsory Administrative Liquidation of the bank started.
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