You can search the Register for information on a firm, individual or financial services product by entering its name, reference number (FRN) or postcode. Are we protected? FSCS is committed to ensuring the security of your personal information and to giving you control over how your data is used. You can search the financial services register on the Financial Conduct Authority’s website to see which banks share a licence or download this list of banks that share a license (pdf 0.3MB) from the Bank of England. If your bank or building society fails and can’t pay back your money, FSCS can automatically pay you compensation. 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. 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. Yes. FSCS aims to pay compensation within seven days of a bank or building society failing. View a list of failed firms to see if the firm you’ve been dealing with appears. eligible, the bank shall also confirm this on the statement of account. Foreign banks and the FSCS. If your bank or building society fails and can’t pay back your money, FSCS can automatically pay you compensation. The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. For our compensation limit to apply to each individual account, you’d need to hold money with different banks that don’t share a licence. [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. In response to changes to European data regulation known as GDPR, the FSCS privacy notice has been updated. The compensation limit for deposit protection is now £85,000. The limit for joint accounts is … Money deposited with these banks will be covered by the FSCS. In response to changes to European data regulation known as GDPR, the FSCS privacy notice has been updated. Well-known examples include: RCI Bank (France - €100,000) 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. This website uses cookies. If you don’t and owe your bank money they have the right to offset – meaning they can transfer cash from your account to pay off their other debts. To contact the FSCS for further information on compensation Financial Services Compensation Scheme 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU Tel: 0800 678 1100 or 020 7741 4100 Email: ICT@fscs.org.uk More information: www.fscs.org.uk Financial Services Compensation Scheme - Information Sheet and Exclusion List We reveal which banks share a licence so you can keep your money safe. LIST OF BUILDING SOCIETY 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 The FSCS protects UK authorised banks, building societies and credit unions up to £85,000 per depositor in the event of their insolvency. Many foreign-owned banks that operate in the UK must be authorised by us. 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