The money you deposit with Santander UK plc is protected by the Financial Services Compensation Scheme (FSCS) up to a total of £85,000 per customer.

What is the FSCS?

The Financial Services Compensation Scheme is a body, funded by the financial services industry, providing automatic protection if your bank, building society or credit union goes out of business. 

The FSCS covers financial services firms that have been authorised by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) to do business in the UK. Santander UK plc is authorised to take deposits under this name as well as the cahoot and Santander Corporate Bank trading names.

Who is protected?

The FSCS protects customers including individuals, companies and small local authorities for up to £85,000 across accounts with us. This amount is for each customer, meaning two individual customers with a joint account have protection of £170,000. 

The protected amount is applied to the total amount of deposits held across all your accounts with Santander UK plc. 

You can find more detail in the FSCS guide or visit the FSCS website

Protection from fraud

In addition to the FSCS, our Online and Mobile Banking Commitment gives you a peace of mind guarantee that we'll refund money taken from your account as a result of fraud. This guarantee doesn't cover instances where you have acted fraudulently or have not taken reasonable steps to keep your security information safe.

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