From the RTE website:
"The safety of deposits of up to €100,000 in foreign-owned banks with branches in this country, including Ulster Bank, First Active and IIB, has already been guaranteed by the Government here.
National Irish Bank, owned by Denmark's Danske Bank, has applied to the Department of Finance to be included in the scheme. It has received indications that it will be accepted.
Rabobank, which operates online, does not come under the €100,000 guarantee scheme as it does not have bank branches.
It is guaranteed for up to €38,000 under the Dutch scheme.
The safety of deposits of up to €100,000 in foreign-owned banks with branches in this country, including Ulster Bank, First Active and IIB, has already been guaranteed by the Government here.
National Irish Bank, owned by Denmark's Danske Bank, has applied to the Department of Finance to be included in the scheme. It has received indications that it will be accepted.
Rabobank, which operates online, does not come under the €100,000 guarantee scheme as it does not have bank branches. It is guaranteed for up to €38,000 under the Dutch scheme."
So, because Rabo has no physical branches on the street, it appears to be treated differently. Hmmmm! Maybe time to move some funds...