Abstract: This article explores various banking systems, as well as defining traits of bank deposit contract legal regulation in the USA, Great Britain, France, Switzerland, Norway, Venezuela and other countries. The author also examines the specifics of financial and credit systems of Islamic countries. The author defines the legal nature of banks in Western countries and explores foreign practices in securing returns of bank deposits. The author also analyzes legal norms which regulate legal relationships regarding bank deposit contracts in foreign countries. In closing, the author offers several lawmaking suggestions based on successfully implemented foreign banking law that, according to the author, are capable of contributing to overcoming of the world economy crisis within Russian Federation.