Deposit guarantee scheme coverage

[masterboy123]

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

 

[3CC]

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

I am pretty sure it is €100k per institution.

See here

 

[Lightning]

Yeah, 100k per person per institution.

 

[masterboy123]

I am pretty sure it is €100k per institution.

See here

How about if its a joint account with my spouse?

 

[mct1]

How about if its a joint account with my spouse?

Then it's €100k each.

 

[Dr Strangelove]

If I have multiple accounts with different IBANs but with the same bank

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.

 

[ClubMan]

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

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

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

 

[Dr Strangelove]

You could have just checked the official site...

It’s called Askaboutmoney……

 

[masterboy123]

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.

That's very helpful.
Thank you

 

[14Kramer]

Revolut is now covered under the Deposit Guarantee Scheme. Is this cover only for money on deposits?
Are share investments covered by this scheme?

 

[ClubMan]

Revolut is now covered under the Deposit Guarantee Scheme. Is this cover only for money on deposits?

Yes.

Are share investments covered by this scheme?

No.

What We Cover

What we cover | Deposit Guarantee Scheme

www.depositguarantee.ie

https://www.revolut.com/en-IE/legal/deposit-insurance-information/

 

[14Kramer]

How are share investments secured in Revolut or other broker apps such as Trade Republic or Trading 212?

 

[ClubMan]

How are share investments secured in Revolut or other broker apps such as Trade Republic or Trading 212?

https://help.revolut.com/en-IE/help/wealth/stocks/more-help-with-stocks/investment-protection/how-are-my-investments-with-revolut-protected/

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