https://www.bloomberg.com/news/arti...for-insolvency-after-2-1-billion-went-missing
It happens that I have 20k euros in a card issued by Wirecard AG. Now i cant use any of that. Great just great.
Edit: I think Im safe.
We would like to point out again that deposits at Wirecard Bank AG are protected by two schemes:
EUR 100,000 in deposits from private individuals as well as from partnerships (Personengesellschaften) or limited companies (Kapitalgesellschaften) are protected per customer by the legally prescribed Compensation Scheme of German Private Banks (Entschädigungseinrichtung deutscher Banken; EdB). This does not include deposits from, among others, credit institutions and institutional depositors such as insurance funds, financial service providers, or the public sector.
As the second level of protection, Wirecard Bank AG is a member of the Deposit Protection Fund (Einlagensicherungsfonds; ESF) of the Association of German Banks (Bundesverband deutscher
Banken e.V.; BdB) as a voluntary deposit protection fund. Since 1 January 2020, the ESF’s protection of deposits at a bank per customer amounts to 15% of the bank's own funds pursuant to Article 72 CRR. For you, this means that your relevant deposits with us are protected up to an amount of EUR 19,700,000 (in words: nineteen million seven hundred thousand) per customer.