Shawbrook Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The FCA and PRA regulate many different kinds of financial services companies, and make sure that banks treat their customers fairly. Find out more at www.fca.org.uk or www.bankofengland.co.uk/pra.
Your eligible deposits with Shawbrook Bank Limited are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk.
Changes to the Financial Services Compensation Scheme Deposit Protection Limit
On 3 July 2015, the Prudential Regulation Authority (PRA) announced that the FSCS deposit protection limit was changing from £85,000 to £75,000.
For individuals and small corporate depositors, the change to the compensation limit will not take effect until 1 January 2016. We will be contacting all customers likely to be affected by this change by 1 September 2015, to confirm the options available to them to adjust their balance in light of the new deposit protection limit.
Large companies and small local authority depositors, who are new to FSCS protection, are protected up to £75,000 from 3 July 2015.