The purpose of the article is to substantiate the mechanism for guaranteeingdeposits of bankrupt banks in the EU countries and to provide recommendationsregarding approaches to attracting deposits from the population of the bankingsector of Ukraine. Methodology. The research methodology consists in the use oftotality of methods: dialectical, statistical, historical, comparative. The scientificnovelty of the work lies in the provision of a number of recommendations on thebasis of the mechanism for recovering deposits analysis in EU countries regardingapproaches to attracting deposits from the public to the banking sector of Ukraine.Conclusions. In spite of common rules and norms for compensation to depositorsof guaranteed amounts in EU countries, each country has its own peculiarities interms of supervision, regulation of the compensation procedure, the assetmanagement structure of bankrupt banks, and the like. The deposit guaranteesystem needs to be improved not only in the EU, but in Ukraine as well. In orderto attract deposits in Ukraine, it is necessary to increase the guarantee amount,as well as to change the approaches to the supervision for banking system.