|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|