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What if I have a temporary high balance in my account?
If you have sold your house and have a high balance in your account, there is a temporary increase allowed to the limit you are covered for, the maximum sum guaranteed is € 500,000. This is an additional guarantee that applies for a period of three months after the money is deposited.
For a full outline of the scheme please see the Depositor Information Sheet .
More from the same category of FAQs:
- What currency does the deposit guarantee scheme pay out in, and how quickly?
- What is FATCA?
- How much am I protected for through the deposit guarantee scheme?
- What is the Investor Compensation Scheme?
- Which products are covered by the deposit guarantee scheme?