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Are Your Deposits Insured?

The following is a list of KDIC-insured financial products based on information supplied by financial institutions. It may therefore not be accurate or up to date.

List of Insured Financial Products & Non-insured Financial Products
Financial Sectors Insured Financial Products Non-insured Financial Products
Banks
  • Demand deposits (e.g. ordinary deposits, corporate deposits, temporary deposits, checking deposits)
  • Savings deposits (e.g. term deposits, time and savings deposits, housing subscription deposits, issued notes)
  • Installment deposits (e.g. installment savings deposits, installment savings for housing, mutual installment deposits)
  • Foreign currency deposits
  • Monetary trusts with principal guarantees
  • Deposits in defined contribution retirement pension products or individual retirement accounts that are KDIC-insured
  • Certificates of Deposits (CD), Repurchase agreements (RP)
  • Financial investment products (e.g. beneficiary certificates, mutual funds, Money Market Funds (MMF))
  • Real fiduciary accounts (e.g. specific monetary trusts)
  • Bank-issued bonds, tax-deductible products sold by NongHyup and SuHyup
Investment Traders and Brokers
  • Remaining cash balance in customer’s account, not having been used to purchase securities, etc.
  • Remaining cash from deposits for stock margin loans-proprietary, deposits for opening a margin account and deposits for margin loans
  • Monetary trusts with principal guarantees
  • Deposits in defined contribution retirement pension products or individual retirement accounts that are KDIC-insured
  • Financial investment products (e.g. beneficiary certificates, mutual funds, MMF)
  • Subscription deposits, taxes withheld, deposits for futures and options trading, deposits for stock margin loans-KSFC
  • Repurchase agreements (RP), bonds issued by securities companies
  • Cash Management Accounts (CMA), wrap accounts, Equity Linked Securities (ELS), Equity Linked Warrants (ELW), etc.
Insurance Companies
  • Individual policies
  • Deposits in defined contribution retirement pension products or individual retirement accounts that are KDIC-insured
  • Monetary trusts with principal guarantees
  • Policies of which the holders and premium payers are corporate entities
  • Guarantee insurance or reinsurance policies
  • Main contract of a variable insurance contract, etc.
Merchant Banks
  • Notes issued, CMA
  • Financial investment products (e.g. beneficiary certificates, mutual funds, MMF)
  • Repurchase agreements (RP), Certificates of Deposits (CD), Commercial Papers (CP), bonds issued by merchant banks, etc.
Mutual Savings Banks
  • Ordinary deposits, savings deposits, term deposits, term installment savings, mutual installment deposits, notes issued, etc.
  • Cashier's checks issued by the Korea Federation of Savings Banks, etc.
  • Bonds issued by savings banks, etc.

1) Financial products purchased by the government, local governments (including national, public schools), Bank of Korea, Financial Supervisory Service, KDIC or insured financial institutions are not insured.

2) Insurance policies of which the holders and premium payers are corporate entities are not protected. Retirement insurance policies are however excluded from this rule.

3) Money that is raised by an overseas branch of a member institution and deemed to be protected by the deposit insurance scheme of the host country is excluded from coverage.