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Typically if the bank operated with a license from the local CB (as they should) the accounts will be insured up to 100K or thereabouts.

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That's correct. Sberbank Europe is registered as an Austrian bank, so the Austrian equivalent of the FDIC has to cover deposits of up to 100K per client.

Here is the exact insurance scheme for Austria:

https://www.fma.gv.at/en/bank-accounts/deposit-protection/

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