Public Joint-Stock Company “BANK SICH” is a member of the Deposit Guarantee Fund (Record No. 223)

 Certificate of Membership of the Deposit Guarantee Fund

As prescribed by the Law of Ukraine No. 4452-vi “On the Procedure of Individual Deposit Guarantee” approved on February 23, 2012, Deposit Guarantee Fund secures all deposits and guarantees the reimbursements.

  1. Conditions of guarantee of deposits: https://www.youtube.com/watch?v=EBLKcTYLBCA
  2. Read carefully the deposit agreement https://www.youtube.com/watch?v=VPwUnbzedy4
  3. Learn how to get a refund, if your bank is bankrupt: https://www.youtube.com/watch?v=MbdEJp79rhA
  4. Loans must be repaid, because loan agreements are not terminated if a bank is liquidated: https://www.youtube.com/watch?v=vuitSPizAbc

Law of Ukraine “On the Procedure of Deposit Guarantee”

System of individual deposits guarantee

Information about amount of guaranteed reimbursement, including interests

Інформаційна брошура Фонду гарантування вкладів фізичних осіб

Deposit Guarantee Fund (hereinafter referred to as the Bank) protects rights and interests of bank depositors and strengthens confidence in the Ukrainian banks.
The Fund guarantees cash and non-cash deposits both in UAH and foreign currency placed on the terms of bank deposit, bank account or inscription certificate of deposit. Guaranteed amount is reimbursed by the Fund in the national currency of Ukraine.
Deposits are secured in each bank. In case of several deposits in one bank, total deposit amount is secured but within the limited prescribed by law.
Deposits transferred to an intermediate bank are secured by the Fund under the previous conditions.
The Fund guarantees the reimbursement of deposits to each depositor. The Fund shall reimburse the funds in the amount of deposit, including interest, as of the day of the beginning of the withdrawal procedure by the Bank’s Fund from the market, but not more than the amount of maximum reimbursement of deposits established on this day, regardless of the number of deposits in one bank.
In case the National Bank of Ukraine decides to revoke the banking license and liquidate such a bank according to section 2 of Article 77 of the Law of Ukraine “On Banks and Banking Activity”, the Fund guarantees deposit, including interest, as of the day of beginning of withdrawal of such a bank from the market, but not more than the amount of maximum reimbursement of deposits established on this day, regardless of the number of deposits in one bank. The edge amount of reimbursed individual deposits is fixed by the Law of Ukraine “On the Procedure of Individual Deposit Guarantee” (Article 26) and shall not be less than UAH 200,000.00.

Decision on reimbursement amount

  • Deposit is cash and non-cash funds both in the national currency of Ukraine and foreign currency attracted by bank from depositor or placed by depositor on the terms of bank deposit, bank account or inscription certificate of deposit, including interests on deposit*.
  • Depositors acquires the right to receive a guaranteed reimbursement amount at the Fund’s expense within the limits of the edge amount when the National Bank of Ukraine decides to revoke the bank’s license and liquidate such a bank.
  • The reimbursement amount is calculated taking into account the amounts paid to a depositor during the temporary administration of the bank.
  • Deposit in foreign currency shall be reimbursed in the national currency of Ukraine recalculated at the official rate of UAH to foreign currencies set by the National Bank of Ukraine, as of the day of beginning of the withdrawal procedure of a bank from the market and operation of the temporary administration of such a bank, as set forth by Article 36 “On the Procedure of Individual Deposit Guarantee”.
  • In case the National Bank of Ukraine decides to revoke the banking license and liquidate such a bank according to section 2 of Article 77 of the Law of Ukraine “On Banks and Banking Activity”, a deposit in foreign currency is guaranteed in the national currency of Ukraine. The deposit amount is recalculated at the official rate of UAH to foreign currency fixed by the National Bank of Ukraine at the start date of liquidation.
  • Accrual of interest shall stop at the date of withdrawal such a bank from the market by the Fund (in case the National Bank of Ukraine decides to revoke the banking license and liquidate such a bank according to section 2 of Article 77 of the Law of Ukraine “On Banks and Banking Activity” , – at the date of decision to revoke the banking license and liquidate such a bank).

As provided by part 4 of Article 26 of the Law of Ukraine “On Households Deposit Guarantee System”, money:

1) placed in trust in the bank;
2) deposited in the amount less than UAH 10.00;
3) deposited and confirmed by the bearer certificate of deposit;
4) deposited in the bank by the person  related to the bank or had been such a related person within one year before the date of the resolution of the National Bank of Ukraine to acknowledge the bank as the bankrupt (in case of the resolution of the National Bank of Ukraine to revoke the banking license and liquidate the bank due to the reasons provided by part 2 of Article 77 of the Law of Ukraine “On Banks and Banking Activity” – within one year before the date of such a resolution);
5) deposited in the bank by a person that serviced the bank as an auditor or appraiser, if the term from the date of full stop of the service till the date of the resolution of the National Bank of Ukraine to acknowledge the bank as the bankrupt is less than one year (in case of the resolution of the National Bank of Ukraine to revoke the banking license and liquidate the bank due to the reasons provided by part 2 of Article 77 of the Law of Ukraine “On Banks and Banking Activity” – one year to the date of such a resolution);
6) deposited by the major shareholder of the bank;
7) deposited in the bank as such where the depositors draw interest on deposit agreements, which were concluded under non-marketed current conditions, according to Article 52 of the Law of Ukraine “On Banks and Banking Activity”, or enjoy other financial privileges from the bank;
8) deposited as such that is used by the depositor to fulfill their liabilities before this bank, in full amount of the deposit to the date of fulfillment of the liabilities”;
9) deposited in foreign banks;
10) deposited in banking metals;
11) deposited on accounts blocked according to court resolutions;
12) deposited as such that cannon be satisfied any longer according to the law of Ukraine “On Preventing and Counteracting to Legalization (Laundering) of the Proceeds of Crime, Terrorism Financing, and Financing Proliferation of Weapons of Mass Destruction”;

shall not be compensated.


Additional conditions for deposit services:

1) The Bank accepts funds for deposition from a Depositor in accordance with the Bank Deposit Agreement. Upon expiration of the term of the deposit agreement, funds are returned to the depositor by transferring them in a cashless manner to the depositor’s current account depositor opened with PJSC “Bank SICH”. Day of repayment is the date specified in the bank deposit agreement. The interest rate that will be charged on the funds in the current account for payments is calculated in the amount specified in the bank account agreement according to the bank’s tariffs.

2) The interest shall be accrued starting from the day following the day of depositing into the account. Accruals shall stop at the date preceding the return of such a deposit (paragraph 5 of the Civil Code of Ukraine).

3) Agreements may be prolonged according to the Civil Code of Ukraine and bank deposit agreements.  Thus, if a depositor does not demand to return their deposit at call upon expiry of such a deposit or to return a deposit on the other term of return, after the contractual circumstances, the contract is considered to be prolonged on the terms of the deposit at call, unless otherwise specified by the contract (paragraph 4 article 1060 of the Civil code of Ukraine).

4) Bank deposit or bank account agreements may be early terminated, deposit at call and accrued interest on such a deposit may be returned until the expiry of term stipulated by such agreements in cases provided by the terms of the agreements only (paragraph 3 article 1060 of the Civil code of Ukraine).

Typical forms of bank account and bank deposit agreements. Bank tariffs for individuals.

Address of the Fund:
04053, Kyiv, Sichovykh Striltsiv Street, 17

Hotline:
0 800 308 108

Official website:
www.fg.gov.ua

Contributor information:
https://www.fg.gov.ua/articles/41406-vkladnikam.html

Protection of the rights of depositors: https://www.fg.gov.ua/zakhist-prav-vkladnikiv