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What protections do I have?

alan85 · 2011-03-12 16:10:22

I'm looking into two types of accounts: * An account with a foreign owned bank here in Ireland e.g. KBC * And an offshore account. * Scenario: Irish government defaults and control measures implented. I presume those controls would affect an account with foreign owned bank also? And do I have the same protection on money…

12-03-2011 4:10pm

#1
alan85

Closed Accounts Posts: 333 ✭✭

Join Date: February 2009

Posts: 273
I'm looking into two types of accounts:

An account with a foreign owned bank here in Ireland e.g. KBC

And an offshore account.

Scenario: Irish government defaults and control measures implented. I presume those controls would affect an account with foreign owned bank also? And do I have the same protection on money as I would with Irish owned banks from the EU? If Irish gov. did default and Irish gov. wasn't in a position to cover deposits of any sort is there protection at European level for Irish deposits in that scenario?

Have you any links to relevant material to answer these questions?

Thanks!

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