There will be no change to the amount of interest you will earn on the date of transfer of your Business Deposit Account to Bank of Ireland. Where there are changes to your terms and conditions and/or where there are operational changes to how Bank of Ireland will manage your Business Deposit Account, Bank of Ireland will clearly communicate these changes to you. All changes will be made in line with regulatory and contractual obligations, including providing you with sufficient written notice of these updates (at least 60 days). Bank of Ireland will let you know when these changes take effect.
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 not be covered. If you are impacted and have concerns, please contact us to discuss your options.