Frequently Asked Questions

How much compensation would I receive from the FSCS?

Each individual person can claim up to £75,000 in compensation for deposits held in savings and current accounts. If these are held in a joint account, each party can claim up to £75,000.

This means that if there are two parties on an account they are jointly protected for up to £150,000 compensation. The FSCS assumes that the money is owned equally between the parties on the account.

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