Directive 2014/49/EU recasts EU rules on deposit guarantee schemes (DGS). Member States must introduce and officially recognise DGSs that protect eligible deposits up to EUR 100,000 per depositor, with limited temporary higher cover for specified life events and certain real‑estate transactions. The text clarifies scope and exclusions, allows recognition of institutional protection schemes, strengthens depositor information obligations and requires repayment within seven working days (with transitional longer deadlines available until 2023).

The Directive harmonises financing and governance: DGSs must reach a target level of 0.8% of covered deposits by 3 July 2024, funded by annual risk‑based contributions and limited extraordinary ex‑post levies, and invested in low‑risk assets. Available funds are primarily for depositor repayment but may finance resolution or, under strict conditions and State‑aid compliance, alternative preventive measures. It enhances cross‑border cooperation, supervision by designated authorities and empowers the Commission and EBA to adopt delegated acts and guidelines.