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

Protect your money with FSCS

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.

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