A secure democratic Net is a fundamental right

The last days some press PR have declared that an internetbank Binck bank is having success and lots of new clients.

After the last failures and the never ending saga of the Hauptking bank I was curious were the bank legally was located.

It is the Netherlands

https://www.binck.com/nl/corporate/corporate_governance/c...

So when this one goes bust, you fall under the Dutch reglementation, just as the Hauptking account holders fell under the reglementation in Luxembourg - and saw there was no common antibankfailure fund. This is the biggest problem with banks in small countries, states or islands. They hold for billions of accounts (just as Iceland did) but they don't have the money to guarantee them.

And even in Europe - look at this table (in dutch) It indicates how you would have to spread your money. The richer you are the more banks you will need. And you will also need to read the small print to be sure that you really did what you should to be compensated. (article in dutch)

Take the risk or continue the risk but don't come complaining that you 'didn't know'