FSCS

Learn more about how the Financial Services Compensation Scheme protects your savings

The Financial Services Compensation Scheme (FSCS) is the UK’s deposit scheme of last resort for customers of authorised financial services firms. It was set up to pay compensation to customers if a firm is unable to pay claims against it, in the event the firm stops trading or is insolvent.

Your eligible deposits with Bank North are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

Any deposits over the amount of £85,000 are unlikely to be covered.

For more information, you can visit the FSCS website and check that your money is protected by using the FSCS bank and savings protection checker

NACFB - Helping Fund Uk Business & FIBA - Financial Intermediary & Broker Association

Copyright © 2022 Bank North Limited. All Rights Reserved.

Bank North Limited is authorised by the Prudential Regulation Authority and authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number 848024). Bank North Limited is a company registered in England and Wales (company number 11030672) and its registered office is Suite 20A, Manchester One, 53 Portland Street, Manchester, M1 3LD.

Bank North has been Authorised with Restrictions since 24th August 2021, at which point the firm entered a phase known as mobilisation. During this phase, the bank will be undertaking lending activities but will not be accepting customer deposits.