Apologies in advance for most probably duplicating a question, but I have searched and cannot find a definative answer.
Does First Active come under the government's "All deposits guaranteed" or is it just up to 100K as the bank is foreign owned?
I have a close relative with substantially more than 100K there. Have you any idea do the UK government have a blanket guarantee to cover FA?
I wouldn't think so and therefore the money could be at risk especially given the results from RBS this morning.
First Active is covered by the Irish Deposit Protection Scheme as it's regulated here - not in UK. Even if RBS were given a full guarantee by UK Govt, that doesn't mean it would necessarily be extended to UB/FA.