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.
Halifax Bank accounts are protected by FSCS up to the sum of £85,000*. Find out more from your bank in branch or online [Halifax please supply relevant link].
FSCS protection covers firms authorised by the Prudential Regulation Authority. A list of the banks authorised by the PRA can be found on the PRA's website.
FSCS protects the following Halifax Bank accounts:
•Halifax Bank Current Accounts
•Halifax Bank Savings Accounts
•Halifax Bank Cash ISA Accounts
Individuals are protected up to £85,000* and £170,000* for joint accounts. For a full list of FSCS protected Halifax Bank deposit accounts, visit Halifax Bank website.
Understanding shared banking authorisation
Halifax operates under the banking authorisation of Bank of Scotland plc, this means that you might only be protected up to £85,000* for the total amount of money you have across the brands covered. Other brand operating under the Bank of Scotland plc include Capital Bank, Intelligent Finance, Saga and St James’s Place Bank.
For a full list of banking and building society brands and authorisations protected by FSCS can be found here.
See below for more information.
How to check your Halifax Bank and/or other savings are safe
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.