Deposit checker - Are your deposits protected?

To find out whether your deposits are protected under the Financial Claims Scheme (FCS), choose from the three options below.

Under the FCS, deposits are protected up to $250,000 for each account holder at each licenced bank, building society or credit union incorporated in Australia.

Please note: The information provided through these questions will only give you a general indication as to whether your accounts with a bank, building society or credit union are likely to be protected under the Financial Claims Scheme. This is not intended to be your sole source of information when determining whether your accounts are covered under the FCS. Account holders are strongly advised to contact their particular banking institution for information on whether their specific accounts are protected under the FCS.

By using this deposit checker you have read and accepted the full terms and conditions

Deposit checker - terms and conditions

The information provided through these questions is not intended to be your sole source of information when determining whether deposits are covered by the Financial Claims Scheme. It is only intended to give a general indication as to whether your deposits are likely to be covered, based on the information you have provided.

There may be particular circumstances affecting your situation that have not been taken into account in this information, but change the outcome. Therefore, the results should not be taken to substitute for professional advice. Please look at your Product Disclosure Statement (PDS), speak to the institution you have your deposits with, or get independent professional advice to determine whether your deposits are covered by the Financial Claims Scheme.

APRA makes no representation as to whether any person may in fact be eligible for payment of compensation in respect of any deposits held with a particular authorised deposit-taking institution.

APRA and the Commonwealth of Australia are not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this site, or any material contained in it, or from any action or decision taken as a result of using this site or any such material.

APRA disclaims all and any guarantees, undertakings and warranties, express or implied.

APRA tries to ensure that the information on this site is correct, but we do not give any express or implied warranty as to its accuracy. We do not accept any liability of any kind for error, omission and/or inaccuracy. If you have any reason to think that, or ought to know that, the information is or may not be accurate or up to date; you should verify the information yourself.

Step 1 - Do you have deposits with any of the banking institutions covered under the FCS listed on this website? See the list of banks, building societies and credit unions covered under the FCS

No, I don't have any deposits with the banks, building societies and or credit untions listed on this website

Can't find your financial institution on the list?

If you can’t find your financial institution on the list of banks, building societies, credit unions and other authorised deposit-taking institutions, then your deposits may not be protected under the Financial Claims Scheme. You should contact your financial institution to check.

The FCS protects deposits up to a limit of $250,000 for account holders at each bank, building society and credit union incorporated in Australia. A bank, building society or credit union cannot operate in Australia without being licensed by the Australian Prudential Regulation Authority (APRA).

The FCS does not apply to the following institutions:

branches of foreign banks in Australia
foreign branches of Australian banks (located overseas)
finance companies and other financial institutions that are not licensed (authorised) by APRA.

Yes, I have deposits with one or more of the banks, building socieites and credit unions listed on this website

Each account holder will need to add together the following to work out their total deposits protected under the FCS for each banking institution:

1. deposits held in all accounts in their name with the same bank, building society or credit union. Include an equal share of deposits in any joint accounts,

together with

2. deposits held in accounts in their name with any other banking business that their bank, building society or credit union operates under a different trading name. Again, include an equal share of deposits in any joint accounts.

Joint accounts

You are entitled to an equal share of any deposits held in a joint account for which you are named as an account holder. For example, where $60,000 is held in a joint account with two account holders, each account holder is entitled to $30,000 under the FCS. For further information on joint accounts, visit the Banking FAQs.

Banking businesses with different trading names operating under the same banking licence

Under the FCS, the deposit protection of $250,000 applies to all deposits under each banking licence. Therefore, if you have deposit accounts with a licensed bank, building society or credit union as well as deposits with another banking business that an institution operates under a different trading name, you'll need to add all these deposits together to calculate a total that is covered under the FCS under that particular banking licence. For further information visit the Banking FAQs or see the List of banks, building societies and credit unions covered under the FCS.

Step 2 - Do you have more than $250,000 with the same bank, building society or credit union, including deposits with any other banking businesses they operate?

Yes, I have more than $250,000 with the same bank, building society or credit union and any other banking businesses they operate

Your deposits will only be partially protected

Under the Financial Claims Scheme, deposits are protected up to $250,000 for each account holder at each bank, building society or credit union, including deposits with any other banking businesses they operate under a different trading name.

If you hold deposits with the same licensed banking institution that are over the $250,000 FCS limit, the excess amount over $250,000 will not be protected under the FCS but may be claimed in any subsequent liquidation process. For further information on the liquidation process go to the Banking FAQs.

Note: the information on this website is intended to give you only a general indication as to whether your accounts with banks, building societies and credit unions are likely to be covered under the Financial Claims Scheme. Account holders are strongly advised to contact their banking institutions for information on whether their particular accounts are covered under the FCS.

No, I don't have more than $250,000 with the same bank, building society or credit union and any other banking businesses they operate.

Your deposits should be protected

Based on the information you have provided, if the Australian Government activates the Financial Claims Scheme your deposits should be protected.

However, you should contact your bank, building society or credit union for information on whether your particular accounts are protected under the FCS. For further information see Types of accounts covered under the FCS.