The Guarantee of Deposits

Deposits in Euros (or in a currency of another country of the European Economic Area) in deposit accounts in the French branch of BANCO BILBAO VIZCAYA ARGENTARIA S.A. ("BBVA") (deposit and payment accounts, checking accounts, deposit accounts and savings accounts excluding Passbook A, Sustainable Development Passbook and Peoples' Savings Passbook accounts) are guaranteed by the fund deposit guarantees established by the Spanish authorities under the terms and in the manner set out below.

General information on deposit protection

The protection of deposits with BBVA is provided by:

The "Fondos de Garantía de Depósitos en Entidades de Crédito" (FGD), C/ José Ortega y Gasset, 22 - 5ª planta (28006-Madrid). Telephone: +34 91 431 66 45 Fax: +34 91 575 57 28. Internet: http// e-mail:

Protection Limit:

€100,000 per depositor and credit institutions (1).

If you have several accounts in the same credit institution:

All deposits stored in your accounts held in the same credit institution that fall within the scope of the guarantee are added together to determine the amount eligible for the guarantee; the amount of the compensation is capped at €100,000 (1).

If you hold a joint account with one or more other people:

The €100,000 limit applies separately to each depositor. The balance of the joint account is split between its co-holders; the share of each one is added together with their own assets to calculate the guarantee ceiling that applies to it (2).

Other special cases:

See note (2)

Delay of compensation in the event of default of the credit institution:

Seven working days (3)

Currency of the compensation:



Fondos de Garantía de Depósitos en Entidades de Crédito (FGD), Address C/ José Ortega y Gasset, 22 - 5ª planta (28006-Madrid). Telephone +34 91 431 66 45 Fax: +34 91 575 57 28. e-mail:

For further information

Refer to the FGD website

Acknowledgement of receipt by the applicant: (5)

When this form is attached to or included in the general conditions or the special conditions of the proposed contract or agreement, its receipt is acknowledged upon the agreement being signed.

(1) General Protection Limit

If a deposit is unavailable because a credit institution is not able to meet its financial obligations, depositors are compensated by a deposit guarantee system. The compensation is capped at €100,000 per person per credit institution. This means that all accounts with the same credit institution are added together to determine the amount eligible for the guarantee (subject to the application of the Spanish legal or contractual provisions regarding compensation with its accounts receivables and other liabilities vis-à-vis BBVA). The compensation limit is applied to this total. The deposits and persons eligible for this guarantee are mentioned in Article 4 of Royal Decree 2606/1996 of 20 December 1996 as amended (for any clarification on this point, see the website of the FGD).

For example, if a client holds a qualifying savings account (except for Passbook A, Sustainable Development Passbook and Peoples' Savings Passbook) with a balance of €90,000 and a checking account with a balance of €20,000, the compensation will be capped at €100,000.

This method also applies if a credit institution operates under several trademarks. This means that all deposits of one person accepted under these trademarks has a maximum compensation of €100,000.

(2) Main special cases

Joint accounts are distributed among the co-holders in equal shares, unless otherwise stipulated providing for another method of distribution. The part corresponding to each title holder is added to their own accounts or deposits and the total is guaranteed up to €100,000.

Accounts on which at least two persons have rights in their capacity as joint holder, partner of a company, member of an association or any similar group not endowed with legal entity status, are aggregated and treated as having been carried out by a single depositor separate from the joint holders or partners.

Some deposits of an exceptional nature (amount from a real-estate transaction carried out on a private residential property belonging to the applicant; amounts from one-off payments received by the depositor and which are related to a marriage, divorce, dismissal, disability or death; amounts from the payment of insurance benefits or that are compensation for damages caused by a crime or miscarriage of justice) are guaranteed regardless of their amount during a period of three months starting from the receipt of the corresponding sums or the date on which such deposits become legally transferable. For any clarification on this point, see the website of the FGD.

(3) Compensation

The FGD offers the compensation to depositors and beneficiaries of the guarantee for deposits that are covered by it, seven working days from the date on which the unavailability of the institution's deposit has been recognized by the competent authority or the Banco de España has declared that the institution is no longer able to meet its obligations vis-à-vis investors.

This period of seven working days shall apply from January 1, 2024; up until that date, this period will be twenty working days until December 31, 2018, fifteen working days from January 1, 2019 to December 31, 2020, and ten working days from January 1, 2021 to December 31, 2023.

This period relates to compensations that do not require any special treatment (due to the existence of a dispute over the ownership of the deposit, the application of sanctions restricting the availability of the deposit, the absence of any operation carried out in the last twenty-four months or a repayment exceeding €100,000) or any additional information necessary to determine the amount to be compensated, or to identify the depositor.

If special treatment or additional information are required, the payment of the compensation takes place as soon as possible.

The compensation will be made available through the French deposit guarantee and resolution fund, which will make the payments due to the depositors guaranteed under the deposit guarantee, on behalf of and using the funds of the FGD.

(4) Other important information

The general principle is that all clients, whether individuals or companies and whether their accounts are held in a personal or a professional capacity, are covered by the FGD. The exceptions applicable to certain deposits or certain products are indicated on the website of the FGD.

Your credit institution will inform you upon request whether its products are guaranteed or not. If a deposit is guaranteed, the credit institution also confirms it on the statement that is sent periodically and at least once a year.

Information on this scheme can be obtained from the BBVA branch where the account is held and also from the "Fondos de Garantía de Depósitos en Entidades de Crédito", the contact details of which are listed above.

Special case of regulated passbooks

The amounts recorded in the Passbooks A, the Sustainable Development Passbooks - SDP - and the Peoples' Savings Passbooks - PSP - benefit from the guarantee of the French state established by Article 120 of the Amended Finance Act no. 2008-1443 of December 30, 2008, independently of the cumulative limit of €100,000 applicable to other accounts.

This guarantee covers the sums deposited in all of these passbook accounts by the same holder, as well as the interest on these sums up to the limit of €100,000 (for any clarification, see the website of the deposit guarantee and resolution fund:

For example, if a client has a Passbook A and a SDP with a total balance amounting to €30,000 and a checking account with a balance of €90,000, they will be compensated, on the one hand up to €30,000 for their passbook accounts and, on the other hand, up to €90,000 for their checking account.

Competent supervisory authorities

BBVA is subject to the supervision of the European and Spanish authorities, and in particular of the European Central Bank and the Banco de España which are the supervisory authorities it falls under, within the framework of the single supervisory mechanism (SSM) established by (EC) Council Regulation no. 1024/2011 in accordance with Article 127, paragraph 6 of the Treaty on the Functioning of the European Union. In addition, its French branch is subject to that of the Prudential Control and Resolution Authority, which is responsible for ensuring the French branch's compliance with the mandatory provisions of French law and other provisions of a general interest applicable to its activities in France and the contact details of which are: 61, rue Taitbout 75009 Paris France, Telephone: (33) 0155504141. The French branch of BBVA is also subject to the supervision of the DGCCRF for all matters related to compliance with French regulations on consumer protection (General Directorate for Fair Trade, Consumer Affairs and the Prevention of Fraud: contact details on the website ).

BBVA's clearance to operate in France can be checked with the French Prudential Control and Resolution Authority, which establishes, maintains and publishes online the list of names of registered establishments. This list can be accessed from the site .