Trading 212 cash isa fscs protection across 3 banks.

Pkman

If I have £150k in cash isa with trading 212. And it is hold across 3 bank. Natwest. Jp Morgan. Barclays.

Does that mean all £150k is fully protected by fcsc? 

GrumpyDil

On my isa I can see where the amounts are held. If you can see the same view and each is under 85000 and you don't have other elements held with those institutions that would take you over 85000 then yes, otherwise no.

Mine are not equally spread hence why I suggest you need to look yourself. 

wmb194

Pkman said:

If I have £150k in cash isa with trading 212. And it is hold (sic) across 3 bank. Natwest. Jp Morgan. Barclays.

Does that mean all £150k is fully protected by fcsc? 

It may or it may not, it depends on the proportion held between them on any particular day. If you look in the menu under, "interest on cash" what does it say the current split is?

masonic

Pkman said:

If I have £150k in cash isa with trading 212. And it is hold across 3 bank. Natwest. Jp Morgan. Barclays.

Does that mean all £150k is fully protected by fcsc? 

FSCS protection depends on the financial service provider that fails. If Trading212 fails, then the maximum you could receive in compensation to cover your losses as a result of that is £85k. You'd only need to call on that protection if it transpired that Natwest, JP Morgan and/or Barclays weren't actually holding the money you thought they were. If Trading212 remains solvent, while Natwest, JP Morgan, and Barclays all go bust, then you could claim up to £85k for any of your money they were holding that could not be returned to you by Trading212. If on the day Natwest went bust, they happened to be holding all of your money, then you'd only be able to claim up to £85k.