Habib Bank Zurich and fscs

cisko65

Hi, do you know whether the Habib Bank Zurich, mentioned in the One-year fixed savings, shares its savings protection with another bank? It's not listed in the affiliated bank for fscs. Thanks.

eskbanker

They don't share, no, all such sharing arrangements are documented at https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2020/fscs-banking-brands-march-2020.pdf

Banks not on that list but who are UK-regulated (https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2020/list-of-banks/banks-list-2004.pdf) therefore have the full unshared FSCS coverage.  Their FCA register entry is https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfELZAA3

Rolshack

cisko65 said:

Hi, do you know whether the Habib Bank Zurich, mentioned in the One-year fixed savings, shares its savings protection with another bank? It's not listed in the affiliated bank for fscs. Thanks.

Last time I read up on this bank many had deposited - now that a year has passed what was the experience of withdrawal like ? About to open I one year fixed at decent rate but before transferring wanted to know what I am getting into - aware of no online and old fashioned approach but is it suitable for a deposit leave and withdrawal???