Financial Services Compensation Scheme

Important information about compensation arrangements 

We are covered by the Financial Services Compensation Scheme (“FSCS”). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.

From 1st January 2016 all eligible depositors are entitled to claim up to £85,000.

For joint Accounts each Account holder is treated as having a claim in respect of their share so, for a joint Account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s Accounts with the bank including their share of any joint Account, and not to each separate Account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please speak to your Private Banker, refer to the FSCS website www.FSCS.org.uk or call the FSCS on +44 (0)20 7741 4100 or +44 (0)800 678 1100.

Please note only compensation related queries should be directed to the FSCS.