Yes! Moey is a Crédito Agrícola Group brand. The group is composed of the Caixa Central de Crédito Agrícola Mútuo, and 75 Caixa de Crédito Agrícola Mútuo branches, and is one of Portugal’s most solid Groups.
Your deposit is covered, within the legal limits, by the Crédito Agrícola Mútuo Guarantee Fund (FGCAM), created by Law nº 182/87, of the 21st of April 1987.
The FGCAM guarantees up to 100,000 euros per depositor, per institution. This means that all the deposits in the same credit institution are added, to determine the level of coverage. If, for instance, you have a savings account of 90,000 EUR and a current account with a balance of 20 000 EUR in one institution, your refund will be limited to 100,000 EUR. FGCAM assures the refund of deposits in any of the institutions which are part of the Crédito Agrícola Mútuo Integrated System (SICAM), made up of the Caixa Central de Crédito Agrícola, CRL and its member Crédito Agrícola Mútuo Branches, all of which are independent and autonomous credit institutions. The FGCAM is activated in the case of any of its participants having its authorisation revoked, or should the SICAM be unable to guarantees the refund of the money deposited with its members according to the applicable legal and contractual conditions. Therefore, your deposit is guaranteed, first of all, by SICAM, which shores up that which is already provided by the deposit guarantee system. Your credit institution is, therefore, part of two systems: a protection system based on the mutual support of its members, so as to avoid situations of insolvency, refunding the deposits of other parties which are unable to fulfil their financial obligations (SICAM) and a deposit guarantee system (FGCAM).
For more information, please consult the Depositor Information Form.