The following deposits are insured in the Czech Republic: all non-anonymous deposits made by natural persons (private individuals) and legal entities and held in Czech koruna or a foreign currency (i.e. deposits held in respect of the first name, surname, address and date of birth or birth certificate number of the depositor in the case of natural persons, and deposits held in respect of the commercial name or designation, registered office and identification number in the case of legal entities). Details on deposit-claim insurance can be found in Articles 41a to 41m of Act No. 21/1992 Coll., on Banks, as amended.

The following deposits are uninsured: deposits made by banks, foreign bank branches and financial institutions.

Compensation is calculated from the sum of the insured deposits of each depositor with the bank in question. Compensation amounting to 100% of this sum is provided, up to an equivalent of EUR 100,000 per depositor per bank. Certain persons referred to in the Act on Banks are not eligible for compensation. They include entities exercising control over the bank; persons having qualifying holdings in those entities and members of the management of those entities; persons having qualifying holdings in the bank and entities under their control; members of the statutory body, members of the supervisory board and officers of the bank; persons close to the members of such bodies, to bank officers and to persons exercising control over the bank; and also persons convicted in a criminal proceedings in connection with money laundering.

Foreign bank branches are not obliged to participate in the deposit-claim insurance scheme provided that they notify the Czech National Bank of their intention and at the same time demonstrate that the deposit-claims insurance scheme in which they do participate ensures eligible persons a level of protection at least the same as that required by European Community law.

The provisions of the Act on Banks relating to deposit-claims insurance apply to foreign bank branches enjoying the advantages of the single licence under European Community law only if they take out supplementary deposit-claim insurance under contract with the Deposit Insurance Fund.