Deposit Guarantee Scheme

The Deposit Guarantee Scheme (DGS) is part of the Central Bank’s strategy to ensure that the best interests of consumers of financial services are protected. The DGS is administered by the Central Bank and is funded by the credit institutions covered by the scheme.

DGS protects:

  • Eligible depositors in the event of a bank, building society and or credit union authorised by the Central Bank being unable to pay deposits
  • Up to €100,000 per person per institution
  • Current accounts, deposit accounts, share accounts in banks, building societies and credit unions.

Visit the Deposit Guarantee Scheme website at

Find out about Risk-Based Contributions to the DGS.