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FSCS and executor account
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Flugelhorn
Posts: 7,330 Forumite
I have now opened an executor account at my own bank.
I appreciate that the limit of FSCS is 85k on my own account, but does any one know if the exec account gets it own 85K protection?
I appreciate that the limit of FSCS is 85k on my own account, but does any one know if the exec account gets it own 85K protection?
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Answered my own query - have used FSCS online help and apparently if the account is labelled as "executor of......" then it gets own protection to 85K. If you have an account in your own name it is added to your other accounts0
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Maybe both/either would qualify for the "temporarily high" up to 1 million protection for 6 months.Seen it all, done it all, can't remember most of it.0
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SevenOfNine wrote: »Maybe both/either would qualify for the "temporarily high" up to 1 million protection for 6 months.
Just read up on that - looks like it might0
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