The European Deposit Insurance Scheme (EDIS) is a proposed initiative aimed at protecting depositors in the European Union by ensuring that their savings are safeguarded in case of bank failures. It is designed to complement existing national deposit guarantee schemes, which typically cover deposits up to €100,000 per person per bank. EDIS would provide a more unified approach to deposit insurance across member states, enhancing financial stability. Under EDIS, if a bank in a participating country fails, the scheme would quickly reimburse depositors, reducing the risk of bank runs and maintaining public confidence in the banking system. The implementation of EDIS is part of broader efforts to strengthen the European Banking Union and create a safer financial environment for all EU citizens.