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The Pom Queen

Financial Services Compensation Scheme

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Just had an email through that the FSCS will be increasing from 50,000gbp to 85,000gbp more information can be found here: FSCS > Home


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

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Guest guest32776
Just had an email through that the FSCS will be increasing from 50,000gbp to 85,000gbp more information can be found here: FSCS > Home

 

Great news! I can close a few silly bank accounts and get rid of some passwords I can never remember... Thanks for posting that!:biggrin:

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Great news! I can close a few silly bank accounts and get rid of some passwords I can never remember... Thanks for posting that!:biggrin:

 

Be careful which accounts you merge as the new limit will apply to one account per 'banking group' so if you had accounts with i.e. Lloyds, Bank of Scotland and Halifax they will now only offer £85,000 between them not each. :swoon:

 

It is still per his and hers accounts or £170,000 joint, just enough for the 'average' UK house. :wink:

 

The protection does not extend to the value of the £ though.:no:

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