AIB Group (UK) p.l.c. joined Ireland’s Eligible Liabilities Guarantee (ELG) Scheme 2009 on 21 January 2010. With effect from 18 August 2012, and with the approval of the Irish Government, AIB Group (UK) p.l.c. will begin to withdraw from the ELG Scheme 2009.
As of 18th August 2012 all eligible current/demand accounts and any new term deposits of personal customers and small business (SME) customers held with AIB Group (UK) p.l.c. will be covered solely by the Financial Services Compensation Scheme, aligning the Bank with other UK regulated banks and building societies.
Existing term deposits covered under the ELG Scheme will remain covered until their next maturity date. Notice accounts will continue to be covered under the ELG until the expiry of the notice period.
This change does not impact or relate to the UK Financial Services Compensation Scheme whereby your eligible deposits with AIB Group (UK) p.l.c. are protected up to a total of £85,000 (£170,000 for joint accounts) by the Financial Services Compensation Scheme, the UK’s deposit protection scheme.
This limit is applied to the total of any deposits you have with the following: Allied Irish Bank (GB), Allied Irish Bank (GB) Savings Direct and First Trust Bank. Any total deposits you hold above the £85,000 limit (£170,000 for joint accounts) between these brands is not covered. Further details on the FSCS are available on www.fscs.org.uk.
Click here for FSCS Questions & Answers
For further information contact your Branch or call:
First Trust Bank 0845 600 5925
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Allied Irish Bank (GB) 0845 600 5204
Allied Irish Bank (GB) Savings Direct 0845 455 2222