Ulster Bank Ireland DAC

Deposit Guarantee

Deposit Guarantee
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 Ulster Bank Ireland DAC

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

Ulster Bank Ireland DAC is a member of Irish Deposit Protection Scheme and makes its contributions into it. In the case of Ulster Bank Ireland DAC failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Eligible Depositors
individuals
sole traders
small companies
partnerships
clubs
associations
schools
Non-Eligible Depositors
public authorities
insurers
pension funds
collective investment schemes
banks
certain other financial institutions
Covered Accounts
any credit balance on an account with a bank, for example
  • current accounts
  • demand deposit accounts
  • notice deposit accounts
  • 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
Paid In Currency
EUR

Irish Deposit Protection Scheme

3 Upper Mayor Street, Spencer Dock, P.O. Box 11517, Dublin, Ireland

Further Information

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