Deposit Insurance - Ecuador (32K)

May 23, 2019

 

 

In Ecuador all deposits are covered by the national deposit insurance as contingency in case of foreclosing or forced financial operations closure, meaning those deposits per person on savings account, checking account or investments on Certificates of Deposit are covered up to $32.000,00 USD, on each financial institution on each Financial sector of Ecuador, which they are:

 

ø Sector Financiero Público (Financial Public entities)

ø Sector Financiero Privado (Financial Private entities)

ø Sector Financiero Popular (Financial Co-op entities)

 

This above mentioned means you will be cover just up to 32k on each Sector Financiero.

 

Below what the law says (Spanish) regarding this matter, on the Monetary and Financing Organic Code of Ecuador.

 

 

 

 

Government Official Link:

https://www.cosede.gob.ec/seguro-de-depositos/

 

 

 

 

 

 

 

Disclaimer: The information provided on this article does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this Article may not constitute the most up-to-date legal or other information. This website contains  links to other third-party websites. Such links are only for the convenience of the reader, user or browser; EcuaAssist, staff do not recommend or endorse the contents of the third-party sites.

 

Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel.

 

Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.

 

 

 

 

 

 

 

 

 

 

 

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