The Central Bank of Curaçao and Sint Maarten announced that Curaçao’s statutory Deposit Guarantee Scheme (DGS) entered into effect on July 1, 2025, providing automatic legal protection for depositors if a credit institution fails. Under the scheme, deposits at credit unions are insured up to Cg 25,000 per account holder per credit union, while deposits at banks and savings funds are protected up to Cg 50,000 per account holder per institution. Coverage is automatic and requires no action from depositors. Implementation is managed by the Central Bank alongside the newly established Deposit Guarantee Fund, which will compensate eligible depositors, supported by a dedicated website and a public awareness campaign. The Central Bank is developing a similar scheme for Sint Maarten in collaboration with Sint Maarten’s Ministry of Finance to provide comparable protection there.
Central Bank of Sint Maarten & Curacao 2025-07-01
Central Bank of Curaçao and Sint Maarten brings Curaçao’s statutory Deposit Guarantee Scheme into force with coverage up to Cg 50,000
The Central Bank of Curaçao and Sint Maarten has implemented Curaçao’s statutory Deposit Guarantee Scheme (DGS) as of July 1, 2025, offering automatic protection for depositors if a credit institution fails. Deposits at credit unions are insured up to Cg 25,000, while banks and savings funds are covered up to Cg 50,000 per account holder. A similar scheme is being developed for Sint Maarten in collaboration with its Ministry of Finance.