The Government Guarantee applies to the 'total funds' held by a person with each Authorised Deposit-Taking Institution (ADI). The total funds deemed to be held in a single institution are based on the aggregate balance of all of a person's accounts with a particular institution. Your deposits of up to $250,000 with each ADI will be automatically covered by the Government Guarantee. This means that each member can have up to $250,000 of funds deposited with IMB (identified as IMB Bank or Shire Local Banking) guaranteed.
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