Terms and legal information

Here you can find your current terms and conditions as a client of Jyske Bank Private Banking Copenhagen as well as an overview of any changes. 

General terms and conditions


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Deposit protection scheme (Garantiformuen)

New rules of coverage with effect from 1 June 2015

Garantiformuen covers amounts deposited on accounts with financial institutions up to the equivalent of EUR 100,000 (approx. DKK 750,000) in the event that the financial institution goes bankrupt.

If you have loans with the same financial institution which have fallen due for payment, the amount owed by you will be deducted from your deposits before you receive coverage from Garantiformuen.

Deposits which pursuant to legislation have social objects e.g. industrial injury compensation or personal injury compensation or compensation from Lønmodtagernes Garantifond etc. (see the full list at www.finansielstabilitet.dk) are covered up to EUR 150,000 (approx. DKK 1 million) for a maximum of six months as from the date at which they were deposited on the account.

Deposits as a result of transactions relating to real property which have in particular been used or should be used for purposes other than commercial purposes will be covered up to an amount equivalent to EUR 10 million (approx. DKK 75 million) for up to 12 months as from the time when the amount was deposited on the account.

Deposits on pension accounts are fully covered without limitation.

Who is covered?

Garantiformuen covers personal and commercial clients.

In case of more account holders of an account, these are regarded as several depositors. Deposits on the account are shared between the account holders and included in the calculation of the amount guaranteed for every depositor by Garantiformuen.

Certain special client types, including public authorities and financial companies, are not covered by Garantiformuen.


The bankruptcy proceedings of a financial institution will not affect the delivery of securities held on own custody accounts, e.g. at the Danish Securities Centre. If the financial institution cannot deliver the securities, Garantiformuen will cover up to EUR 20,000 per investor.

What is not covered?

Garantiformuen does not cover guarantee obligations, cheques and securities – including shares, capital notes, guarantee certificates and bonds – issued by the financial institution itself.

Special deposits made before 1 June 2015

Special deposits are also covered without limitation after 31 May 2015, but only by the balance on the account as at 31 May 2015. For pension accounts, however, also deposits made after 31 May 2015 are covered without limitation.

Therefore, you must be aware that if you have, for instance, opened a child savings account, only the balance on the account as at 31 May 2015 will to be fully covered. Deposits on the account after 31 May 2015 are covered as ordinary deposits.

Special deposits include for instance "Børneopsparing" (child savings accounts), "Etableringskonti" (establishment accounts), "Skifteretskonti" (probate court accounts), "Forvaltningskonti" (asset management accounts), "Uddannelsesopsparing" (education savings accounts) and "Boligopsparing" (housing savings accounts).

Trust funds deposited on client accounts of attorneys-at-law as at 31 May 2015 are fully covered until the time when the trust funds can be paid out or transferred.

What to do if payments are to be made from Garantiformuen?

Immediately after the bankruptcy of the financial institution you will be given general information about the bankruptcy proceedings, and you will as soon as possible receive a list of the total amount owed to you by the financial institution and instructions describing how to proceed.

More information

Read more about the basic information on coverage of deposits.

Read more about Garantiformuen's rules of coverage at www.gii.dk or contact your usual relationship manager.

Terms and conditions - cross-border payments


Changes to General terms and conditions

Date Change
21/11/2014 Changes to ”Dealing with Jyske Bank” as at 21st November 2014.
05/10/2014 Changes to ”Dealing with Jyske Bank” as at 5th October 2014.
30/06/2014 Changes to ”Dealing with Jyske Bank” as at 30 June 2014.
16/01/2014 Changes to ”Dealing with Jyske Bank” as at 01 May 2014.

”Dealing with Jyske Bank” as at 13 October 2012

Private Banking Copenhagen's General terms and conditions - ”Dealing with Jyske Bank” adjusted as at 13 October 2012.

For new clients at Private Banking Copenhagen the adjusted General terms and conditions will commence as at 13 October 2012.

For clients at Private Banking Copenhagen: the adjusted General terms and conditions will commence as at 1 February 2013.

30/11/2011 Changes to ”Dealing with Jyske Bank” as at 01 March 2012
30/03/2011 Changes to "Dealing with Jyske Bank as at 01 July 2011"
01/11/2010 Changes to "Dealing with Jyske Bank" due to the Consumer Credit Directive
28/09/2009 Changes to "Dealing with Jyske Bank" due to the Payment Services Act