Financial Services Compensation Scheme

esbs is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. From 1st December 2025, FSCS protection for deposits and savings in bank, building society and credit union accounts rose to £120,000.

If a bank, building society, or credit union goes out of business, FSCS can compensate you up to the new limit of £120,000 per person, per UK-authorised firm.

The Financial Services Compensation Scheme also cover temporary high balances, which will also rose from 1st December, of up to £1.4 million. These may occur from major life events, such as selling a home or receiving an inheritance. Temporary high balances are protected for up to six months.

For further details of deposits covered by the scheme and those that are excluded refer to the Deposit Guarantee Scheme Information Sheet or fscs.org.