Get quick answers to common questions about our products and services.
If I have more than one Griffin-powered account via different providers, to what extent am I covered?
FSCS protection applies per depositor per bank, not per account or per provider. This means if you hold money in multiple accounts powered by Griffin, whether through Griffin directly or through one of our partners or customers, the £120,000 limit applies to the total of all those deposits combined, not to each account individually.
For example, if you hold £80,000 in a Griffin-powered savings account with Provider A and £60,000 in a Griffin-powered embedded bank account with Provider B, your total deposits with Griffin would be £140,000, of which £120,000 would be protected.
More in FSCS protection
- Does FSCS protection apply to interest I've earned?
- How is the FSCS limit calculated if it is a joint account?
- How much am I covered for?
- Is my business account FSCS protected?
- What does 'eligible deposits' mean?
- What happens if Griffin fails?
- What is FSCS protection?
- Where can I find more information about FSCS protection?
- Which Griffin accounts are covered by FSCS protection?
- Which Griffin customers have FSCS protection on eligible deposits in products provided by Griffin?
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