The following deposits, in dirhams and foreign currency, constituted with member institutions are covered by the Deposit Insurance System:

• Checking and current accounts.
• Savings accounts.
• Demand and time Deposits.
• Foreign currency deposits
• Islamic deposit accounts
• Other accounts payable, for which a certificate, cheque, money order, bank draft or other payment instructions or instruments made against a deposit account.

The compensation process becomes effective at the moment when the SGFG is notified that Bank Al-maghrib has determined that a member bank is:

• insolvent, or
• unable or likely to become unable to meet its obligations.

The SGFG makes public the announcement on the commence of compensation process, place and timing of such deposit compensation, within a time period fixed by Bank Al-maghrib.