The minister's
announcement
From
www.itsyourmoney.ie
The Deposit Protection Scheme covers:
- current accounts;
- demand deposit accounts;
- term deposit accounts;
- share accounts with building societies; and
- share accounts and deposit acounts with credit unions
held with banks, building societies and credit unions. Ask your bank, buiding society or credit union to confirm that your account is one of those listed above.
Some banks that operate in Ireland are regulated in their home country and operate here under EU rules. These banks include Danske trading as National Irish Bank, which is part of the
Danish Guarantee Fund for Depositors and Investors, Northern Rock, which is currently under guarantee arrangements with the Bank of England and HM Treasury and Rabobank, which is part of the
Dutch Deposit Guarantee Scheme.
Who can claim under the scheme?
- Personal customers
- Sole traders and small businesses
- Partnerships
- Trusts
- Small companies
- Charities
- Voluntary organisations
- Accounts held in trust by solicitors (such as for personal injury awards)
How much can I claim?
The maximum amount you can get under the scheme is €100,000 for each bank, building society or credit union we regulate. This means that even if you have an amount greater than €100,000 in deposits with an instituion - for example €110,000 - you will only be entitled to a maximum of €100,000.
If you have deposits with more than one institution, you are entitled to claim up to the maximum compensation payment, per institution