Deposit Guarantee Scheme
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. The DGS is administered by the Central Bank of Ireland and is funded by the institutions covered by the scheme.
The DGS protects:
- Depositors if a bank, building society and or credit union authorised by the Central Bank of Ireland is unable to repay deposits
- Eligible deposits up to €100,000 per person per institution
- Current accounts, deposit accounts, share accounts in banks, building societies and credit unions
The Irish DGS protects deposits held at EU branches of authorised Irish institutions. Deposits held with credit institutions that are authorised in another European Economic Area Member State are covered by that country’s deposit guarantee scheme.
For information on how the scheme works and what institutions are covered, visit the DGS website www.depositguarantee.ie.