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. In the event of our default or insolvency where you are an eligible depositor you may be entitled to make a claim to the FSCS. Please refer to our Depositor Protection Information sheet which also contains an exclusions list.

All eligible depositors are entitled to claim up to £85,000. This amount applies to all the bank’s trading names. Arbuthnot Latham & Co., Limited also trades under the name of Arbuthnot Direct. This means that all eligible deposits with Arbuthnot Latham & Co., Limited and Arbuthnot Direct are in total covered 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.

Further information can be found on the FSCS website www.FSCS.org.uk.

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