FSCS protection

FSCS (Financial Services Compensation Scheme) protects customers of financial services firms that have failed.

If a UK-authorised bank, building society or credit union fails, FSCS can step in to compensate each eligible company depositor up to £120,000.

This protection covers business funds as well as personal funds, but there are some limits, and if you hold funds with the same bank in both personal and business accounts, you may only be protected up to £120,000 in total.

Balances over £120,000 will not be protected.

You might see references to FSCS protection up to £85,000 - which was the limit since 2017, but this was increased in December 2025.

Make sure you understand how FSCS protects your funds by reading the resources below.

Keeping funds in a non FSCS protected account means your balance may be at risk of being lost, should the financial organisation fail.

Always look for the FSCS mark on business bank accounts or financial products.