Deposit guarantee scheme coverage

M

masterboy123

Registered User
Messages
440
Hi,

I have a query: If I have multiple accounts with different IBANs but with the same bank, is the deposit guarantee scheme of €100,000 valid per IBAN?

Thanks
 
masterboy123 said:
If I have multiple accounts with different IBANs but with the same bank
Click to expand...
You probably don’t have multiple accounts.

You probably have what are called virtual IBANs which route payments to one account.

Think of it a bit like having different phone numbers that divert to the same handset.
 
masterboy123 said:
Hi,

I have a query: If I have multiple accounts with different IBANs but with the same bank, is the deposit guarantee scheme of €100,000 valid per IBAN?

Thanks
Click to expand...
You could have just checked the official site...

Deposit Guarantee Scheme | Central Bank of Ireland

The Deposit Guarantee Scheme (DGS) is part of the Central Bank’s strategy to ensure that the best interests of consumers of financial services are protected. The DGS is administered by the Central Bank and is funded by the credit institutions covered by the scheme.
www.centralbank.ie
  • Up to €100,000 per person per institution
Click to expand...

Deposit Guarantee Scheme Ireland

The Deposit Guarantee Scheme (DGS) protects depositors in the event of a bank,building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits
www.depositguarantee.ie
 
Revolut is now covered under the Deposit Guarantee Scheme. Is this cover only for money on deposits?
Are share investments covered by this scheme?
 
How are share investments secured in Revolut or other broker apps such as Trade Republic or Trading 212?
 
14Kramer said:
How are share investments secured in Revolut or other broker apps such as Trade Republic or Trading 212?
Click to expand...


Funds and data protection | Trading 212

Invest in Stocks and ETFs with zero commission. Trade Gold, Oil, Currencies and more. Trusted and secure.
www.trading212.com

How is my money protected?

Your cash deposits are distributed among partner banks, such as Citibank Europe plc, Deutsche Bank AG, HSBC Continental Europe S.A., and J.P. Morgan SE. For hig
support.traderepublic.com
 
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