What is guaranteed in First Active?

[callybags]

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?

 

[PaddyW]

Just up to 100k AFAIK

 

[callybags]

Thanks PaddyW. That's what i thought.

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.

 

[moneyhoney]

Thanks PaddyW. That's what i thought.

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?

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.