Banking & Finance
Which ceiling does the regulation set?
The National Bank of Rwanda’s fund regulation sets a maximum of FRW 1,000,000 per insured depositor. It aggregates eligible accounts held in the same right or capacity and includes accrued interest after netting outstanding dues to the liquidated contributing member. It is not a fresh limit for every account. The regulation came into force on publication in the Official Gazette, dated 25 November 2025.
Which deposits does it describe?
The regulation describes deposits received by contributing members in the ordinary course of business, including current accounts, savings accounts and term deposits. Its definition of uninsured deposits refers to deposits not compensated under the law establishing the fund. A bank balance alone therefore does not establish that the holder and product meet all statutory conditions. This guide does not provide the full exclusion list.
What happens to foreign-currency deposits?
An account opened in foreign currency is insured up to the prescribed limit. Compensation is paid in Rwandan francs, using the central bank’s average exchange rate on the date of the liquidation declaration. This is a fund-compensation rule, not a promise about the availability or cost of ordinary international transfers.
Do several accounts multiply the protection?
For multiple single deposit accounts within the same contributing member, the regulation aggregates the deposits, including interest up to the liquidation-declaration date. It deducts the depositor’s outstanding liability to that liquidated member. Separate provisions apply to other account structures; this summary does not calculate trust, joint-account or e-money compensation.
What if an insured depositor resides abroad?
The fund or a transferee bank may transfer the amount due to an insured depositor residing abroad during the pay-off period following a written request, provided the depositor pays the transfer fee. The bank must ensure the transfer address is supplied by the depositor and keep the records. The regulation also states that the fund is not liable for error or fraud arising in such a transfer. “May” is not a promise of a particular transfer outcome, and this payment provision does not establish a general right to open an account remotely or as a non-resident.
What happened to the older regulation?
The new regulation repeals the earlier fund regulation and inconsistent prior provisions. The earlier ceiling must not be presented as the current rule in this guide.
What the official sources used here do not settle
This review does not establish the document pack, fees, opening times or online onboarding available at a particular bank, nor does it decide whether a foreign applicant must be accepted. It does not calculate an individual compensation amount or replace the law establishing the fund and its exclusions. Confirm the bank’s current written requirements and the fund’s treatment of the actual deposits.
Related: Rwanda country guide, Get your free results → and banking in Montenegro.
Corrections in this revision
replace the superseded guarantee ceiling and remove unsupported rankings, general opening times, fees and nationality-based acceptance promises.
See recorded sources
- National Bank of Rwanda, Regulations 93/2025 in Official Gazette published by Ministry of Justice — Rwanda (national). Regulations 93/2025, Article 24: commencement on publication; Official Gazette Special dated 25 November 2025. Specific provisions cited below belong to that regulation. Read on 30 October 2026.
Planning to move to Rwanda?
Explore recorded pathways and source links. This questionnaire does not determine eligibility or recommend a destination.
Get your free resultsVisa and WTE updates by email.
No fixed schedule is promised. Unsubscribe at any time.
About the author
António Mira is the founder of whereTOemigrate. For over a decade he has worked at the intersection of Portuguese real estate and overseas business, helping international clients navigate the cross-border decisions that come with relocating. He sits on the board of CCIAP (Portuguese-Arab Chamber of Commerce), the Portuguese-Saudi Business Council, and the Portugal-Hong Kong Business Association — always with one focus: enabling overseas business and human mobility into and out of Portugal.
How we verify our data · Editorial standards · About whereTOemigrate