Deposit guarantee
All money deposited on Mynt is secured by a government deposit guarantee (up to SEK 1,050,000), and by separation rights according to the Act on Accounts Payable.
This is how Mynt's deposit guarantee works
Your money at Mynt is kept separate in a client funds account in DNB bank and is covered by a government deposit guarantee. The guarantee means that your money at Mynt is protected by law, which means that the state guarantees deposits at Mynt or other institutions with the permission of the Financial Supervisory Authority. If DNB bank goes bankrupt or if the Financial Supervisory Authority decides that the guarantee should kick in, the guarantee covers depositors' money up to SEK 1,050,000 per depositor (not including financial institutions, county councils, municipalities or government authorities).
What about the government deposit guarantee?
The Financial Supervisory Authority can decide to activate the deposit guarantee, and the guarantee applies even if the Swedish Debt Office takes over control of a crisis-affected bank through resolution. The guarantee protects both individuals and businesses, including estates, but certain types of businesses, such as banks and financial institutions, are not covered.
If Mynt goes bankrupt, separation rights apply
Your money is kept separate in a special account. If Mynt were to go bankrupt, the money is therefore not included in the bankruptcy estate, which follows from the Act (1944:181) on accounting funds. Your ownership of the money remains and you have the right to separate the money from the bankruptcy, ie. get it refunded.