current accounts?

cowmob

Hello Folks. I was wondering if our current account was covered by the government as for those with savings even though it is not a large sum it is all we have. The non saving current account is with the halifax.

Swipe

Yes it is.

halight

as far a i know its coverd

Rafter

Current accounts are treated just like any other deposit as far as the FSCS guarantee is concerned.

Any deposit from an individual (called a retail deposit is).

Deposits by companies, charities and other groups are not covered.

R.

Bernard_Coleslaw

Rafter wrote: »

Deposits by companies, charities and other groups are not covered.

R.

There are some exceptions for small companies (whose funds are covered), but essentially that's correct.