Is my money covered by the Financial Services Compensation Scheme?
This information relates to your accounts with Barclays Bank UK PLC.
If we’re unable to meet some of our liabilities and you make a valid claim, you may be entitled to compensation from the FSCS, depending on the type of business and circumstances of the claim.
Most types of investment business are covered for 100% of the first £85,000 per person per firm. The FSCS does not cover any fall in the market value of investments that have been incurred.
Savings and deposit accounts
All Barclays Bank UK PLC savings and current accounts are covered by this scheme, so in the event that we were unable to meet our obligations to repay money that you have invested with us, or interest, you may be entitled to compensation.
Compensation levels depend upon circumstances of your claim, with the maximum limit for deposits at £85,000 per person. For joint accounts, each account holder is entitled to claim in respect of their share. So, for a joint account held by 2 people, the maximum amount that could be claimed would be £85,000 each – a total of £170,000.
The £85,000 limit applies to the combined amount in all your accounts with us, including your share of any joint account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, visit the FSCS website https://www.fscs.org.uk/ or call them on 020 7741 4100 or 0800 678 1100.
Your eligible deposits with Barclays Bank UK PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Barclays, Barclays Business Banking, Barclays Premier Banking, Barclays Smart Investor and Barclays Wealth Management. Any total deposits you hold above the limit between these brands are unlikely to be covered.