list of fscs banks

T he Financial Services Compensation Scheme (FSCS) has increased the protection it gives you on cash savings that you hold in any bank or building society accounts that it covers.. EXCLUSIONS LIST A deposit is excluded from protection if: 1. You can easily see how much of your money is protected by using our protection checker. LIST OF BANKING AND SAVINGS BRANDS PROTECTED BY THE SAME FSCS COVERAGE COMPILED BY THE BANK OF ENGLAND AS AT 31 JULY 2020 Banking and Savings Brand PRA-authorised institution FRN Other deposit brands covered by FSCS coverage 121873 Clydesdale Bank Plc 121873 B 121873 Virgin Money 121873 Yorkshire Bank 121885 The Co-operative Bank Plc 121885 … See our small businesses, limited companies and charities page for more information. Instead, under what's called the 'savings passport' scheme, some banks from the European Economic Area are covered by their home country's compensation scheme for savings. You can also search for certain investment exchanges.The Register shows whether a firm you are using, or plan to use, is authorised or registered by the Prudential Regulation Authority(link is external) (PRA) and/or the FCA, or is exempt. endstream endobj 2384 0 obj <. You don’t need to do anything – FSCS will compensate you automatically. You can search the Register for information on a firm, individual or financial services product by entering its name, reference number (FRN) or postcode. An important caveat about the FSCS is that it only applies to funds saved within each financial institution with a banking 'authorisation' - not each bank account, or even each bank. See a full list of who isn’t protected in the Prudential Regulation Authority’s Rulebook. If you’re a sole trader (e.g., Mr Smith t/a Smith Motors) you wouldn’t be entitled to two separate claims – you could claim up to £85,000 in total. If you have any questions, our UK-based Customer Service Team will be happy to help you. Bank’s regulators the PRA requires the Bank to provide you with this FSCS Information Sheet and accompanying Exclusions List t o help you understand whether and how your deposits are protected. Well-known examples include: RCI Bank (France - €100,000) �ÃáâÚxÿ*Ú±”áMÛ~˜|L¬¦+× Where you hold your money could affect how much compensation you’re entitled to. UK Banks and Building Societies. In response to changes to European data regulation known as GDPR, the FSCS privacy notice has been updated. This website uses cookies. [1] In addition to these there are many European credit institutions authorised in another Member State of the European Economic Area (EEA) and operating in the State either on a branch or a cross-border basis. Zenith Bank (UK) is the UK subsidiary of Zenith Bank PLC which was founded in 1990. You can change your browser settings to disable cookies at any time but if you do so, parts of the FSCS site may not function properly. Yes. Are we protected? Comprehensive list of ownership and licences. The FSCS protects UK authorised banks, building societies and credit unions up to £85,000 per depositor in the event of their insolvency. Financial institutions that are covered by the FSCS include regulated UK banks, building societies and credit unions. In the UK, a huge number of banks and building societies operate under FCA regulation. Some European banks accept British savings, but are not covered by the FSCS. Click the button and you'll be able to add your accounts (bank, building society or credit union) to check how much of your money is protected. There is no size test. If you have money in multiple accounts with banks that are part of the same banking group (and share a banking licence) we have to treat them as one bank. LIST OF BUILDING SOCIETY BRANDS PROTECTED BY THE SAME FSCS COVERAGE COMPILED BY THE BANK OF ENGLAND AS AT 20 MARCH 2020 Banking and Savings Brand PRA-authorised institution FRN Other deposit brands covered by FSCS coverage Outlook is FSCS’s industry newsletter, containing our latest news and levy updates. The limit for joint accounts is … FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. FSCS protects UK bank accounts up to £85k. FSCS Compensation Scheme Click the button to get started. Eligible depositors in UK branches of EEA banks are protected by the deposit guarantee scheme in the bank’s home state, usually up to a limit of €100,000. This website uses cookies. Bank, building society or credit union insolvency. pg 1 The Financial Services Compensation Scheme (“FSCS”)1 £85,000 per depositor per bank2 All your eligible deposits at the same bank are “aggregated” and the total is subject to the limit of £85,000.2 The limit of £85,000 applies to each depositor separately.3 Please note that this Bank Directory does not include foreign owned banks or financial institutions. The compensation limit for deposit protection is now £85,000. Search the FS Register under ‘financial services firms’, then click ‘names’ for a list of brands used by the authorised institution. eligible, the bank shall also confirm this on the statement of account. For more information on the extent and nature of non-UK deposit guarantee schemes, please refer directly to … Step 4: Confirm cover for foreign banks. Where you hold your money could affect how much compensation you’re entitled to. We are joint account holders of a business account. Use the FSCS protection checker to check your money is protected. FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. FSCS protection is not dependent upon the depositor’s place of residence, but where the bank, building society or credit union holds the deposit. If you hold money with a UK-authorised bank, building society or credit union that fails, we’ll automatically compensate you. If your business is a separate legal entity, e.g., a limited company or LLP, you could claim up to £85,000 for each account. For further information, contact your bank, bank building society or credit union. By using the FSCS website, you consent to the use of cookies in accordance with our cookie policy. Note that although Santander is technically a foreign owned bank - because it's owned by Banco Santander of Spain - savings are protected under FSCS because the bank has a UK licence. LIST OF BANKING AND SAVINGS BRANDS PROTECTED BY THE SAME FSCS COVERAGE COMPILED BY THE BANK OF ENGLAND AS AT 05 DECEMBER 2019 Banking and Savings Brand PRA-authorised institution FRN Other deposit brands covered by FSCS coverage 512956 AA Savings* 512956 Post Office Money 512956 Bank of Ireland (UK) Plc ... Use the FSCS protection checker to check your money is protected. We reveal which banks share a licence so you can keep your money safe. They are not covered by the FSCS. Use our protection checker to see if your money is protected and find out if any of your money could be at risk. - check this on the Financial Services Register, small businesses, limited companies charities. Don ’ t need to do anything – FSCS will compensate you.. For future reference Financial institutions that are covered by the FSCS privacy notice has been updated accept British savings but! To European data Regulation known as GDPR, the FSCS privacy notice has updated. 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