Bank of Scotland

The Financial Services Compensation Scheme (FSCS) protects consumers should anything happen to their bank, building society or credit union. It’s likely you will have seen our posters in your local branch or information on your bank or building society website and app.

Bank of Scotland plc (HBOS) Bank accounts are protected by FSCS up to the sum of £85,000*. Find out more from your bank in branch or visit

FSCS protection covers firms authorised by the Prudential Regulation Authority (PRA).  A list of the banks authorised by the PRA can be found on the PRA's website.

FSCS protects the following Bank of Scotland plc (HBOS) Bank accounts

  • Bank of Scotland plc (HBOS) Bank Current Accounts
  • Bank of Scotland plc (HBOS) Savings Accounts
  • Bank of Scotland plc (HBOS) Cash ISA Accounts

Individuals are protected up to £85,000* and £170,000* for joint accounts. For a full list of FSCS protected Bank of Scotland plc (HBOS) Bank deposit accounts, visit

Understanding shared banking authorisation

Some banks operate a number of brand names under one banking license. This means that you might only be protected up to £85,000* for the total amount of money you have across the brands covered. Bank of Scotland plc includes accounts in all its divisions and under trading names:

  • Halifax
  • Intelligent Finance (IF)
  • Birmingham Midshires (BM Savings)
  • Bank of Scotland
  • Bank of Scotland Private Banking
  • Bank of Scotland Germany
  • Lloyds Bank (in The Netherlands only)
  • St James's Place Bank
  • Bank of Wales

Some savings accounts under the AA Savings, Saga and Charities Aid Foundation brand names are also deposits with Bank of Scotland plc.

An eligible depositor’s £85,000* limit relates to the combined amount in all accounts with Bank of Scotland plc.

For a full list of banking and building society brands with joint authorisation visit the PRA's website

How to check your Bank of Scotland plc (HBOS) Bank and/or other savings are safe

Find out if your money is safe in two easy steps by using the FSCS Protection Checker.

What other financial products does FSCS protect?

FSCS also protects investments, insurance, pensions, endowments and home finance (including mortgage advice). Find out more on our What We Cover pages.

*From 3 July 2015, FSCS will provide a £1 million protection limit for temporary high balances held with your bank, building society or credit union if it fails. Read our Q&As about temporary high balances for more information.