Yes (up to 100,000 EUR per depositor)
Deposit guarantee scheme is a financial stability mechanism
implemented in many countries to protect bank depositors against the loss of their deposits
in the case when a bank is unable to meet its obligations to depositors
by compensating certain deposits held by depositors of the bank.
This compensation is paid out from the contributions which banks have made
into a deposit guarantee fund.
Deposit Guarantee in Bank of Montreal Europe PLC
All credit institutions operating in Ireland are obliged to participate
in Irish deposit guarantee scheme.
Bank of Montreal Europe PLC is a member of Irish Deposit Protection Scheme and makes its contributions into it. In the case of Bank of Montreal Europe PLC failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
collective investment schemes
certain other financial institutions
current accountsdemand deposit accountsnotice deposit accountscertificates of depositfixed-term deposit accountsshare accounts in a building society or credit uniondeposit element of structured deposits/tracker bonds may also be eligiblecredit balances on credit cards issued by credit institutions may also be eligible
any credit balance on an account with a bank, for example
Irish Deposit Protection Scheme
3 Upper Mayor Street, Spencer Dock, P.O. Box 11517, Dublin, Ireland