Published: 17 March 2021 Willemstad/Philipsburg:--- On December 10, 2019, a moratorium was set at Girobank N.V. (Girobank), freezing all credit balances in excess of NAf 10,000 on Girobank’s current and/or savings accounts. A large part of these frozen assets will be paid out by GI-RO Settlement Holding N.V. (GSH) in short term, meaning that the majority of Girobank’s depositors will have free and full access to their funds. This, however, is not the case for depositors with a credit balance of more than NAf 1,200,000. These will be paid out to a maximum of NAf 1,200,000. Withdrawal of the payouts by GSH can be done by transferring the funds to an account at any other commercial bank. Depositors who do not yet have an account at another bank, are urged to open such an account as soon as possible. Transferring of funds can be done through online banking. Given the current Covid-19 situation, it is not advisable to visit the Girobank branches, being Scharloo or Janwé. The funds can also be withdrawn at any ATM machine, keeping in mind the daily withdrawal limits. However, due to safety reasons, it is not recommended to withdraw large sums of cash.