WONE Global's guide to United Kingdom records these changes under banking and moving money. Each statement below has been checked against the source it links to.
FSCS deposit protection generally covers companies regardless of their size, up to £120,000 per eligible company depositor, but most types of regulated financial services company are not eligible.
Eligibility follows the PRA Depositor Protection rules. A limited company's or LLP's business account is claimed separately from its directors' personal accounts.
Financial Services Compensation Scheme · Small businesses and limited companies (claims) ↗ Checked against an official source · Not yet professionally reviewed · checked 19 October 2026
The Financial Services Compensation Scheme protects deposits up to £120,000 per eligible person per authorised firm, a limit that rose from £85,000 on 1 December 2025; banks sharing one banking licence count as one firm.
Applies to UK-authorised banks, building societies and credit unions. Temporary high balances of up to £1.4 million, typically from life events, are protected for up to six months.
Financial Services Compensation Scheme · Deposit protection limit ↗ Checked against an official source · Not yet professionally reviewed · checked 19 October 2026
This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in United Kingdom can advise on that.
