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FSCS scheme - shared institutions
poppystar
Posts: 1,569 Forumite
Is there a definitive list anywhere of which institutions share the £85k FSCS protection. I can’t seem to put the correct information in to get this information from their site.
I ask as I just opened a Ford Money account and the process seemed identical to Aldermore which rang a few alarms and then today the customer ID came through which again is more or less identical to that with Aldermore - just three digits different.
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https://www.moneysavingexpert.com/savings/safe-savings/ https://www.fscs.org.uk/check/poppystar said:Is there a definitive list anywhere of which institutions share the £85k FSCS protection. I can’t seem to put the correct information in to get this information from their site.I ask as I just opened a Ford Money account and the process seemed identical to Aldermore which rang a few alarms and then today the customer ID came through which again is more or less identical to that with Aldermore - just three digits different.
IIRC, both providers use Newcastle Strategic Solutions (part of Newcastle BS) to enable online banking, but they don’t share coverage
https://www.newcastlesolutions.co.uk/our-clients/aldermore/
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
Thanks, the MSE link worked fine. The FSCS clearly doesn’t like my iPad!Relieved - so will now transfer money in.1
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No worries, here is the FSCS checker result - for peace of mind:poppystar said:Thanks, the MSE link worked fine. The FSCS clearly doesn’t like my iPad!Relieved - so will now transfer money in.
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
The definitive list used to be published in list form (i.e. rather than having to search individually) by the Bank of England and the PRA, but the most recent one I can find is nearly a year old:poppystar said:Is there a definitive list anywhere of which institutions share the £85k FSCS protection.
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2022/list-of-banking-brands-july-2022.pdf
but there doesn't seem to be a link to this from the obvious place anymore:
https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate
Does anyone know if they still update this and if it can be reached via a sensible navigation through the BoE (or any other) site?0 -
Brilliant, thanks @ForumUser71
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