#21 How we protect the money in your bank, building society or credit union

In this episode we answer questions we’re often asked about how we protect ‘deposits’: the money in your bank, building society or credit union. We talk about how much compensation we can pay and how quickly, how we’re funded (spoiler: it’s not by the taxpayer) and how we can step in if a bank fails. Listen to hear the answers to these and other questions we’re often asked about our deposit protection.