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Michael Brown

Content Writer
Published: 29/03/2022

If a bank or building society in the UK goes bust, savers’ deposits can typically expect to be protected up to a maximum of £85,000 per bank by the Financial Services Compensation Scheme (FSCS). There are, however, instances when this will not be the case.

If you hold funds with an offshore bank, these will be protected by the local compensation scheme. Banks that are based outside the UK that accept deposit from UK customers must set up a subsidiary that is authorised by the UK regulators. It is also important to remember that compensation under the FSCS is limited to £85,000 per banking licence, rather than per account.

A number of bank and building society brands are actually owned by the same banking group and operate under the same UK banking licence, with compensation levels being affected accordingly.

This table reveals which brands operate under which banking licence, helping savers work out to what degree their savings are protected by the FSCS.

A

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
AA Financial Services The Automobile Association limited UK UK Bank of Ireland (UK) plc Post Office Money, Bank of Ireland
Adam & Company Natwest Group UK UK Royal Bank of Scotland Royal Bank of Scotland
Ahi United Bank (UK) AUB (Kuwait) UK UK Ahli United Bank (UK) plc  
AIB Allied Irish Bank (Ireland) UK UK AIB Group (UK) plc Allied Irish Bank (BG)
Aldermore First Rand Group (South Africa) UK UK Aldermore Bank plc  
Allica Bank N/A UK UK Allica Bank Ltd  
Allied Irish Bank (GB) Allied Irish Banks (Ireland) UK UK AIB Group (UK) plc AIB
Al Rayan Bank Masraf Al Rayan Group (Qatar) UK UK Al Rayan Bank PLC  
Arbuthnot Direct Arbuthnot Banking Group plc UK UK Arbuthnot Latham & Co Limited Arbuthnot Latham
Arbuthnot Latham & Co Arbuthnot Banking Group plc UK UK Arbuthnot Latham & Co Limited Arbuthnot Direct
Atom Bank N/A UK UK Atom Bank plc  
Axis Bank Axis Bank Limited (India) UK UK Axis Bank UK plc  

B

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Bank and Clients Ocean Industries SA (Luxembourg) UK UK Bank and Clients plc  
Bank of Baroda Indian Government UK UK Bank of Baroda (UK) Limited  
Bank of Ceylon Bank of Ceylon (Sri Lanka) UK UK Bank of Ceylon (UK) Ltd  
Bank of China (UK) Bank of China UK UK Bank of China (UK) Limited  
Bank of Ireland UK Bank of Ireland Group (Ireland) UK UK Bank of Ireland (UK) plc Post Office Money, AA Financial Services
Bank of London and The Middle East BLME Holdings plc UK UK Bank of London and the Middle East plc  
Bank of Scotland Lloyds Banking Group UK UK Bank of Scotland plc Birmingham Midshires, Halifax, Intelligent Finance
Barclays Bank Barclays Bank PLC UK UK Barclays Bank plc  
Barclays Bank (Offshore Banking) Barclays Bank PLC Guernsey, Isle of Man, Jersey Guernsey, Isle of Man, Jersey Barclays Bank plc  
Bath Building Society N/A UK UK Bath Investment and Building Society  
Beehive Money Nottingham Building Society UK UK Nottingham Building Society Nottingham Building Society
Beverley Building Society N/A UK UK Beverley Building Society  
Birmingham Midshires Lloyds Banking Group UK UK Bank of Scotland plc Bank of Scotland, Halifax, Intelligent Finance
Britannia The Co-operative Group UK UK The Co-operative Bank plc The Co-operative Bank, smile
Brown Shipley Quintet Private Bank (Luxembourg) UK UK Brown Shipley & Co Limited  
Buckinghamshire Building Society N/A UK UK Buckinghamshire Building Society  

C

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
CAF Bank Charities Aid Foundation UK UK CAF Bank Limited  
Cahoot Santander Group (Spain) UK UK Santander UK plc Santander
Cambridge and Counties Bank 50% Cambs Local Govt Pension Fund 50% Trinity Hall College Cambridge UK UK Cambridge & Counties Bank Limited  
Cambridge Building Society N/A UK UK Cambridge Building Society  
Castle Trust N/A UK UK Castle Trust Capital plc  
Cater Allen Private Bank Santander Group (Spain) UK UK Cater Allen Ltd  
Charity Bank N/A UK UK The Charity Bank Ltd  
Charter Savings Bank One Savings Bank plc UK UK Charter Court Financial Services Ltd  
Chelsea Building Society Yorkshire Building Society UK UK Yorkshire Building Society Yorkshire Building Society
Chip N/A UK UK - Allica Bank
C Hoare & Co N/A UK UK C Hoare & Co  
Chorley & District Building Society N/A UK UK Chorley & District Building Society  
Citibank Citigroup Inc (USA) UK UK Citibank UK Limited  
Close Brothers Savings Close Brothers Group plc UK UK Close Brothers Limited  
Clydesdale Bank Virgin Money UK plc UK UK Clydesdale Bank plc Yorkshire Bank, Virgin Money
Conister Bank Manx Financial Ltd Isle of Man Isle of Man Conister Bank Ltd  
Coutts & Co NatWest Group UK UK Coutts & Co  
Coventry Building Society N/A UK UK Coventry Building Society Stroud & Swindon Building Society
Credit Suisse (UK) Credit Suisse Group (Switzerland) UK UK Credit Suisse (UK) Limited  
Cumberland Building Society N/A UK UK Cumberland Building Society  
Cynergy Bank Cynergy Capital Limited UK UK Cynergy Bank Limited  

D

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Danske Bank Danske Bank Group (Denmark) UK UK Northern Bank Limited  
Darlington Building Society N/A UK UK Darlington Building Society  
DF Capital Distribution Finance Capital Holdings plc UK UK DF Capital Bank Ltd  
Dudley Building Society N/A UK UK Dudley Building Society  

E

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Earl Shilton Building Society N/A UK UK Earl Shilton Building Society  
Ecology Building Society N/A UK UK Ecology Building Society  
EFG Private Bank EFG International Ltd (Switzerland) UK UK EFG Private Bank Limited  

F

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Family Building Society National Counties Building Society UK UK National Counties Building Society National Counties Building Society
FCMB Bank UK First City Monument Bank Ltd (Nigeria) UK UK FCMB Bank UK Ltd  
first direct HSBC Bank plc UK UK HSBC Bank plc HSBC
FirstSave FBN Bank (Nigeria) UK UK FBN Bank (UK) Ltd  
Ford Money  Ford Motor Group (USA) UK UK FCE Bank plc  
Furness Building Society N/A UK UK Furness Building Society  

G

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Gatehouse Bank N/A UK UK Gatehouse Bank plc  

H

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Habib Bank Zurich Habib Bank AG Zurich (Switzerland) UK UK Habib Bank Zurich plc  
Halifax Lloyds Banking Group UK UK Bank of Scotland plc Bank of Scotland, Birmingham Midshires, Intelligent Finance
Hampshire Trust Bank Alchemy Partners LLP UK UK Hampshire Trust Bank plc  
Handelsbanken Svenska Handelsbanken AB (Sweden) UK UK Handelsbanken plc  
Hanley Economic Building Society N/A UK UK Hanley Economic Building Society  
Harpenden Building Society N/A UK UK Harpenden Building Society  
Hinckley & Rugby Building Society N/A UK UK Hinckley & Rugby Building Society  
Hodge Bank Julian Hodge Bank Group UK UK Julian Hodge Bank Ltd  
HSBC HSBC Group UK UK HSBC Bank plc first direct
HSBC Expat HSBC Group Jersey Jersey HSBC Bank plc  
HSBC Private Bank (UK) Limited HSBC Group UK UK HSBC Private Bank (UK) Limited  

I

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
ICICI Bank UK ICICI Bank Limited (India) UK UK ICICI Bank UK plc  
Ikano Bank Kamprad Family (Sweden) UK UK Ikano Bank AB (publ)  
Investec Bank (Channel Islands) Ltd Investec plc (South Africa) Guernsey Guernsey Investec bank (Channel Islands) Ltd  
Investec Bank plc Investec plc (South Africa) UK UK Investec Bank plc Moneybox, Plum
IS Bank Turkiye IS Bankasi UK UK Turkiye IS Bankasi  
Isle of Man Bank NatWest Group Isle of Man Isle of Man The Royal Bank of Scotland NatWest, International

J

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
JN Bank The JN Group UK UK JN Bank UK Limited  
JP Morgan J.P Morgan Chase UK UK JP Morgan Europe Limited  

K

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Kent Reliance OneSavings Bank plc UK UK OneSavings plc  
Kleinwort Hambros Societe Generale (France) Guernsey, Jersey Guernsey, Jersey SG Kleinwort Hambros Bank (CI) Limited  

L

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Leeds Building Society N/A UK, Gibraltar UK, Gibraltar Leeds Building Society  
Leek United Building Society N/A UK UK Leek United Building Society  
Lloyds Bank Lloyds Banking Group UK UK Lloyds Bank plc Lloyds Bank Private Banking, Scottish Widows Bank, Cheltenham & Gloucester
Lloyds Bank International Lloyds Banking Group Guernsey, Isle of Man, Jersey Guernsey, Isle of Man, Jersey Lloyds Bank Corporate Markets plc  
Lloyds Bank Private Banking Lloyds Banking Group UK UK Lloyds Bank plc Scottish Widows Bank, Lloyds Bank, Cheltenham & Gloucester
Loughborough Building Society N/A UK UK Loughborough Building Society  

M

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
M&S Bank HSBC Bank plc UK UK Marks & Spencer Financial Services plc  
Manchester Building Society N/A UK UK Manchester Building Society  
Mansfield Building Society N/A UK UK Mansfield Building Society  
Marcus by Goldman Sachs® Goldman Sachs Group UK UK Goldman Sachs International Bank Saga
Market Harborough Building Society N/A UK UK Market Harborough Building Society  
Marsden Building Society N/A UK UK Marsden Building Society  
Masthaven Masthaven Group UK UK Masthaven Bank Limited  
Metro Bank N/A UK UK Metro Bank PLC  
Moneybox N/A UK UK Oaknorth Bank Ltd for Lifetime ISAs Investec Bank for Notice Savings Investec Bank plc, Santander Shawbrook Bank
Moneycorp Bank Regent Acquisitions (Holdings) Ltd (Jersey) Gibraltar Gibraltar Moneycorp Bank Ltd  
Monmouthshire Building Society N/A UK UK Monmouthshire Building Society  
Monument Bank N/A UK UK Monument Bank Ltd  
Monzo Bank N/A UK UK Monzo Bank Limited  
My Community Bank N/A UK UK Brent Shrine Credit Union Ltd  

N

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
National Counties Building Society N/A UK UK National Counties Building Society Family Building Society
National Savings & Investments N/A       100% backed by HM Treasury the Exchequer
Nationwide Building Society N/A UK UK Nationwide Building Society  
NatWest NatWest Group UK UK National Westminster Bank plc  
NatWest International NatWest Group Gibraltar, Guernsey, Isle of Man, Jersey Gibraltar, Guernsey, Isle of Man, Jersey The Royal Bank of Scotland International Ltd Isle of Man Bank
Newbury Building Society N/A UK UK Newbury Building Society  
Newcastle Building Society N/A UK UK Newcastle Building Society  
Nottingham Building Society N/A UK UK Nottingham Building Society Beehive Money

O

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
OakNorth Bank N/A UK UK OakNorth Bank Limited  
Oxbury Bank N/A UK UK Oxbury Bank plc  

P

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Paragon Bank Paragon Group UK UK Paragon Bank plc  
PCF Bank BCB Asset Management (Bermuda) UK UK PCF Bank Ltd  
Penrith Building Society N/A UK UK Penrith Building Society  
Plum N/A UK UK Investec Bank plc Investec Bank plc
Post Office Money® Royal Mail Group Ltd UK UK Bank of Ireland (UK) plc Bank of Ireland (UK) AA Financial Services
Principality Building Society N/A UK UK Principality Building Society  
Progressive Building Society N/A UK UK Progressive Building Society  
Punjab National Bank Punjab National Bank (India) UK UK Punjab National Bank (International) Limited  

Q

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
QIB (UK) Qatar Islamic Bank (Qatar) UK UK QIB (UK) Plc  

R

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
RCI Bank UK Renault Group (France) UK UK RCI Bank UK Ltd  
Recognise Bank City of London Group plc UK UK Recognise Bank Ltd  
Redwood Bank Redwood Financial Partners Ltd UK UK Redwood Bank Ltd  
Reliance Bank The Salvation Army UK UK Reliance Bank Ltd  
Royal Bank of Canada (CI) Royal Bank of Canada (Canada) Guernsey, Jersey Guernsey, Jersey Royal Bank of Canada Channel Islands Ltd  
Royal Bank of Scotland NatWest Group UK UK Royal Bank of Scotland Adam & Company

S

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Saffron Building Society N/A UK UK Saffron Building Society  
Saga Saga Personal Finance Ltd UK UK Goldman Sachs International Bank Marcus by Goldman Sachs
Sainsbury's Bank J Sainsbury plc UK UK Sainsbury's Bank plc  
Santander Santander Group (Spain) UK UK Santander UK plc  
Santander International Santander Group (Spain) Isle of Man, Jersey Isle of Man, Jersey Santander Financial Services plc  
Scottish Building Society N/A UK UK Scottish Building Society  
Scottish Widows Bank Lloyds Banking Group UK UK Lloyds Bank plc Lloyds Bank, Lloyds Bank Private Banking, Mayfair Private Bank, Worldwide Service, Cheltenham & Gloucester
Secure Trust Bank Secure Trust Bank Group UK UK Secure Trust Bank plc  
Sensible Savings The Access Bank UK (Nigeria) UK UK The Access Bank UK Limited  
Shawbrook Bank Limited RBS Equity Finance UK UK Shawbrook Bank Limited  
Skipton Building Society N/A UK UK Skipton Building Society  
Skipton International Limited Skipton Building Society Guernsey Guernsey Skipton International Limited  
Smartsave Chetwood Financial Limited UK UK Chetwood Financial Limited  
Smile The Co-operative Group UK UK The Co-operative Bank plc Britannia, The Co-operative Bank
Stafford Railway Building Society N/A UK UK Stafford Railway Building Society  
Standard Bank Standard Bank Group Ltd (South Africa) Jersey, Isle of Man Jersey, Isle of Man Standard Bank Jersey Ltd, Standard Bank Isle of Man Ltd  
Starling Bank N/A UK UK Starling Bank Limited  
State Bank of India (India) State Bank of India (India) UK UK State Bank of India (UK) Ltd  
Suffolk Building Society N/A UK UK Suffolk Building Society  
Swansea Building Society N/A UK UK Swansea Building Society  

T

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Tandem Bank N/A UK UK Tandem Bank Ltd  
Teachers Building Society N/A UK UK Teachers Building Society  
Tesco Bank Tesco plc UK UK Tesco Personal Finance plc  
The Co-operative Bank The Co-operative Group UK UK The Co-operative Bank plc Britannia, smile
The Melton Building Society N/A UK UK Melton Mowbray Building Society  
Tipton & Coseley Building Society N/A UK UK Tipton & Coseley Building Society  
Triodos Bank UK Triodos Bank NV (Netherlands) UK UK Triodos Bank UK Limited  
TSB Sabadell Group (Spain) UK UK TSB Bank plc  
Turkish Bank (UK) Ltd Turkish Bank Limited (Turkey) UK UK Turkish Bank (UK) Ltd  

U

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
UBL UK Bestway Group UK UK United National Bank Limited  
Ulster Bank NatWest Group UK UK Ulster Bank Limited  
Union Bank of India UK Union Bank of India (India) UK UK Union Bank of India (UK) Ltd  
Union Bank UK Union Bank of Nigeria UK UK Union Bank UK plc  
United Trust Bank United Trust Bank Limited UK UK United Trust Bank Limited  
Unity Trust Bank N/A UK UK Unity Trust Bank plc  

V

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Vanquis Bank Ltd Provident Financial Group UK UK Vanquis Bank Ltd  
Vernon Building Society N/A UK UK Vernon Building Society  
Virgin Money Virgin Money UK plc UK UK Clydesdale Bank plc Clydesdale Bank, Yorkshire Bank

W

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Weatherbys Bank Limited Weatherbys Bank Holdings Limited UK UK Weatherbys Bank Limited  
Wesleyan Bank Alchemy Partners LLP UK UK Wesleyan Bank Limited  
West Brom Building Society N/A UK UK West Bromwich Building Society  
Wyelands Bank GFG Alliance UK UK Wyelands Bank Plc  

Y

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Yorkshire Bank Virgin Money UK plc UK UK Clydesdale Bank plc Clydesdale Bank, Virgin Money
Yorkshire Building Society N/A UK UK Yorkshire Building Society Chelsea Building Society

Z

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Zenith Bank Zenith Bank plc (Nigeria) UK UK Zenith Bank (UK) Ltd  
Zopa N/A UK UK Zopa Bank Limited  

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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