Elavon Financial Services DAC (formerly Elavon Financial Services Limited)

Elavon Financial Services is an American financial services company offering end-to-end payment processing services to business clients.

Elavon Financial Services DAC is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Elavon Financial Services DAC participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Block E, Cherrywood Science and Technology Park, Loughlinstown, 18, Dublin, Ireland

Elavon Financial Services DAC is headquartered in Dublin.

Bank Identifiers

MFI ID
IEC43558

Credit Ratings (as of May 2018)

Fitch Moody's
AA (very high credit quality) Aa2 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Elavon Financial Services DAC is rated by Fitch and Moody's.

Credit ratings assigned to Elavon Financial Services DAC as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Elavon Financial Services DAC it is set to AA (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Elavon Financial Services DAC is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  1
Support Rating Floor  -

Viability rating for Elavon Financial Services DAC is not set support rating is 1 (extremely high probability of external support); support rating floor is not set.

Moody's

Long-term rating for Elavon Financial Services DAC it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is not set. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Elavon Financial Services DAC is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Ireland are obliged to participate in Irish deposit guarantee scheme.

In the case of Elavon Financial Services DAC failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  individuals, small companies, partnerships, clubs, associations, schools
Covered Accounts  any credit balance on an account with a bank (for example, current accounts, demand deposit accounts, notice deposit account, certificates of deposit, fixed-term deposit accounts, share accounts in a building society or credit union, deposit element of structured deposits/tracker bonds may also be eligible, credit balances on credit cards issued by credit institutions may also be eligible)
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Elavon Financial Services DAC is shown in the table below.

MFI ID  IEC43558

European Presence: 7 banks in 7 countries

Elavon Financial Services DAC operates under the brand name Elavon Financial Services. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

Germany

Ireland

  • (this bank) Elavon Financial Services DAC (Dublin)

Norway

Poland

Spain

United Kingdom