Hi Folks
Apologies if this is a stupid question.
If you google Deposit Guarantee Scheme, it brings you to a page on the Central Bank website which says the following.
DGS protects:
When you click on the link, it just mentions the figure of €100,000, but doesn’t say that this is per person. So my question is whether a couple with €200,000 will be fully covered if they take out a joint account, or do they need to each open a sole account for €100,000 in order to be fully protected?
Apologies if this is a stupid question.
If you google Deposit Guarantee Scheme, it brings you to a page on the Central Bank website which says the following.
DGS protects:
- Eligible depositors in the event of a bank, building society and or credit union authorised by the Central Bank being unable to pay deposits
- Up to €100,000 per person per institution
- Current accounts, deposit accounts, share accounts in banks, building societies and credit unions.
When you click on the link, it just mentions the figure of €100,000, but doesn’t say that this is per person. So my question is whether a couple with €200,000 will be fully covered if they take out a joint account, or do they need to each open a sole account for €100,000 in order to be fully protected?