Which bank are inter-linked for the purposes of my 85k FSCS protection limit

confused_landlord

I have a large amount of money that I will have to leave in banks soon. I am aware that only 85k per person per bank is covered under the protection scheme. However, I believe that certain banks count as 1 bank. Is there a list where I can see which banks are linked?

confused_landlord

Moneysavingexpert has a page devoted to this, but their tool isnt' working: https://www.moneysavingexpert.com/savings/safe-savings/#whatcounts

born_again

https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate

confused_landlord

born_again said:

https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate

Thank you. I was able to locate the list of firms, but its' not clear which ones fall under one umbrella.

Daliah

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

This might not be the latest version.

confused_landlord

Daliah said:

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

This might not be the latest version.

Thank you. Hopefully not much has changed since June of last year.

Ergates

confused_landlord said:

Daliah said:

https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2021/list-of-banking-brands-june-2021.pdf

This might not be the latest version.

Thank you. Hopefully not much has changed since June of last year.

Bank mergers quite rare and tend to make the news.

soulsaver

Check if Temporary High Balance cover is applicable.
And National Savings is backed by treasury ... £2M or more protected.

born_again

confused_landlord said:

born_again said:

https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate

Thank you. I was able to locate the list of firms, but its' not clear which ones fall under one umbrella.

They will have the same banking licence.
Just like HSBC & First Direct do.

But do not forget about "Temporary high balances" 
Page 5
https://www.fscs.org.uk/globalassets/badge-assets/shared/fscs_thb_online_aug2020.pdf

[Deleted User]

Look for the legal entity - usually something plc as that holds the banking licence not the brand/brand names.