jamiehalllola
New Member
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- 1
In your case the temporary high balance cover may apply:That said banks only guarantee 100k.
Temporary High Balances
The maximum amount of compensation payable by the DGS is €100,000 per person per credit institution. In addition certain deposits, known as temporary high balances may qualify for compensation in excess of €100,000. For a deposit to qualify as a temporary high balance it must stem from at least one of the following:
- deposits relating to real estate transactions for private residential property i.e. deposits lodged in preparation for purchase, sale proceeds and proceeds of equity release
- ...
granted 9 banks is a lot!
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