We are covered by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations.
Your eligible deposits with us are protected up to a total of £85,000 by the FSCS. Any deposits you hold above the £85,000 limit are unlikely to be covered. Please see the FSCS Information Sheet and Exclusions List .
FSCS Eligibility for Personal Depositors
The provisions in the Depositor Protection Part of the Prudential Regulation Authority’s Rulebook determine whether a deposit is an eligible deposit. The Exclusions List sets out those deposits which are excluded from protection.
If your account is not eligible for compensation under the FSCS and the Bank becomes insolvent you will still be able to make a claim as a creditor under the relevant insolvency legislation.
FSCS Q&As - general queries
FSCS Q&As - deposit products
These are appropriate for customers with savings products and current accounts with credit balances.
Should you require the Information sheet and Exclusions List in Braille, in large print, on tape and on disk please speak to a member of staff for details or alternatively contact us online.