Your Business Deposit rate and notice period, if any, will not change on the date of transfer of your Business Deposit Account to Bank of Ireland.
Any future changes made by Bank of Ireland to the interest rate or terms of your Business Deposit Account must be in line with all regulatory and contractual obligations, including providing you with sufficient notice of any changes.
The Deposit Guarantee Scheme (DGS) guarantees your eligible deposits up to the €100,000 per financial institution.
Following the transfer, if your total balance on deposit with Bank of Ireland exceeds €100,000 (including any funds held in a BOI current account), amounts above €100,000 will no longer be covered. If you are impacted and have concerns, please contact us to discuss your options.