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FSCS Deposit Protection Information Sheet.pdf

fscs-deposit-protection-information-sheet-leaflet.pdf
Preview of FSCS deposit protection information sheet
🔗 Source: rbcwealthmanagement.com
📊 Size: 3.72 MB
📄 Pages: 9 pages
⬇️ Downloads: 65

Summary

FSCS protects your money up to £85,000 if your bank, building society, or credit union goes out of business, with compensation normally paid within seven days. FSCS covers various financial products, including deposits, insurance policies, insurance broking, investment business, and mortgage advice. To be covered, the financial services firm must be authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA). The £85,000 compensation limit applies per person or company, per authorised firm, and individuals with joint accounts are protected up to £170,000. FSCS also protects temporary high balances up to £1,000,000 for six months in certain circumstances, such as buying or selling a property.

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Description

FSCS protects your money up to £85,000 if your bank, building society, or credit union goes out of business, with compensation normally paid within seven days.

Technical Information

  • File Format: PDF
  • File Size: 3.72 MB
  • Pages: 9
  • Language: EN
  • Total Downloads: 65
  • Last Updated: 2 months ago

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This PDF document about FSCS deposit protection information sheet provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into FSCS deposit protection information sheet.

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