Are my funds insured?

Bank Uralsib is a participant in the mandatory deposit insurance system. Uralsib clients’ funds placed in deposits, savings accounts, and current accounts (including card accounts), together with capitalized (accrued) interest, are insured and protected by the state.

In accordance with Federal Law No. 177-FZ dated December 23, 2003, “On Insurance of Individuals’ Deposits with Banks in the Russian Federation,” compensation for deposits in a bank in respect of which an insured event has occurred shall be paid to the depositor in the amount of 100% of the funds placed with the bank, but not more than 1,400,000 rubles.

A deposit means monetary funds in the currency of the Russian Federation or foreign currency placed by individuals, or in their favor, with a bank in the territory of the Russian Federation on the basis of a bank deposit agreement or a bank account agreement, including capitalized (accrued) interest on the deposit amount.