In general the DGS protects deposits belonging to individuals, companies, partnerships, clubs, associations, schools etc. The DGS covers deposits in branches of credit institutions authorised in Ireland. The residency of the depositor is not a factor in determining the eligibility of the deposit. You do not have to be resident in Ireland or be an Irish citizen to be eligible for DGS compensation.
The deposits of the following are protected:
- Individuals
- Sole Traders
- Partnerships
- Clubs, associations, schools and charities
- Companies1
- Funds held in trust in client accounts by solicitors and other professionals may be eligible if the underlying beneficiaries are eligible in their own right
- Small self-administered pensions
1Companies are covered as long as they are not a company that is on the exclusion list below.