UK depositors are protected up to £85,000 per person, per institution, but limits apply to joint accounts and multiple accounts within the same banking group. Banks like Halifax, Bank of Scotland, and Lloyds share the same banking license, meaning FSCS protection is capped at £85,000 across all accounts within the group. FSCS doesn’t
Author
Caroline Revell
BrowsingCaroline Revell is a mother of two grown children and an entrepreneur with over 15 years of experience in business. She founded a disruptive budget travel company back in 2007 with just $50, which grew to serve 25,000 travelers annually. After adapting to shifts in the market following the pandemic, she transitioned into marketing and now works at the UK-based financial data provider Moneyfacts Compare.