Financial Services Compensation Scheme

Is your money protected?

The money you deposit with Cater Allen Private Bank is protected by the Financial Services Compensation Scheme (FSCS). The protection is up to a total of £85,000 per customer.

What is the FSCS?

The Financial Services Compensation Scheme is a body, funded by the financial services industry, that provide automatic protection if your bank, building society or credit union goes out of business.

The FSCS covers financial services firms that have been authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) to do business in the UK.

Who is protected?

The FSCS protects customers including individuals, companies and small local authorities for up to £85,000 across accounts with us. This amount is for each customer, which means 2 customers with a joint account have protection of £170,000.

The protected amount is applied to the total amount of deposits held across all your accounts with Cater Allen Private Bank.

You can find more information on the FSCS website and on the Cater Allen FSCS information sheet (pdf).