FYI, the letter explained that in the event of bankruptcy, all deposits up to 100,000 Euros are covered by the bank's insurance. But, it went on to warn that all claims on this insurance must be filed within 7 days of the declared bankruptcy or they would be forfeited. In order to make a claim, the claimant must open a new bank account and provide the account details with his claim so that the money can be transferred. Edit: You will own nothing and be happy