I have cash in the bank do I qualify for the wage subsidy scheme?

Potentially yes (Provided you meet the other qualifying criteria e.g turnover down 25%)

Revenue say” An employer that has been hit by a significant decline in business but has strong cash reserves, which are not required to fund debt, will still qualify for the Scheme but the Government would expect the employer to continue to pay a significant proportion of the employees’ wages. “

Is an employer obliged to top up the COVID19 Wage Subsidy Scheme

Short answer no!

Revenue say ” The employer is expected to make best efforts to maintain the employee’s net income as close as possible to normal net income for the duration of the Subsidy period. There is no minimum amount that the employer must pay as an additional payment in order to be eligible for the scheme, but the employer will need to enter at least €0.01 in Gross Pay when running its payroll. “

So if you are not topping up the scheme you must add a payment amount of €0.01 on to have the PSR accepted

How long does the COVID-19 Wage Subsidy Scheme Last

The COVID-19 Wage subsidy scheme started on the 26th of March 2020 and is expected to last 12 weeks