Lidion Bank

Lidion Bank

  • EDGS protects deposits up to €100,000 per person

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About Lidion Bank

Lidion Bank PLC was established in 2012 in Malta, and after acquiring the necessary rights, they began offering financial services specifically designed for the agricultural and the renewable energy industries in the UK. Since then, Lidion Bank PLC has expanded their services to UK savers, and they’ve begun specialising in collecting online deposits.

Deposits made into savings accounts from Lidion Bank PLC are protected by the Maltese Depositor Compensation Scheme up to the equivalent of €100,000 per person, per banking group.

Bank details

Year established: 2012

Security and deposit guarantee

All products are protected by the Maltese Depositor Compensation Scheme through the European Deposit Guarantee Scheme (DGS). Savings deposits with European banks are protected by the European DGS within each member state that reimburse depositors up to a defined limit if their bank fails and deposits become unavailable. The level of deposit protection across the European Union is €100,000 (or the equivalent amount in a European country’s local currency) and this amount is guaranteed irrespective of the current level of available financial means of any country-specific European DGS.
Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the protection applies only to eligible deposits up to this limit.

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