Get quick answers to common questions about our products and services.
What happens if Griffin fails?
If Griffin were to fail, the FSCS would step in to protect eligible depositors. You would be compensated for eligible deposits up to £120,000. The FSCS aims to pay compensation within 7 working days for most depositors.
You do not need to take any action to be covered. FSCS protection is automatic for eligible deposits.
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?
- If I have more than one Griffin-powered account via different providers, to what extent am I covered?
- Is my business account FSCS protected?
- What does 'eligible deposits' mean?
- 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?
All FAQ collections
- About Griffin· 9 answers
Learn more about Griffin, our regulatory status, and the types of customers we support.
- Bank accounts· 12 answers
Learn more about the different types of bank account we offer.
- Additional onboarding information· 7 answers
Learn about the additional data required before 02 March 2026
- Billing· 5 answers
Find out more about our fees and charges, how to access your payment history, and more.
- FSCS protection· 11 answers
Learn how the Financial Services Compensation Scheme protects eligible deposits held with Griffin, who is covered, and up to how much.
- Griffin app· 16 answers
Get help with setting up security features, managing your organization, and integrating with third parties.
- Interest and commission· 16 answers
Learn more about how interest and commission work at Griffin, when you can expect to be paid, and how we manage rate changes.
- Payments· 11 answers
Find out what payment types we support, our payment limits, and Confirmation of Payee.
- Sandbox· 8 answers
Our sandbox is available to everyone, free forever, and can be used to trial our products and build test integrations.
- Verify· 19 answers
Learn more about Verify, our automated KYC/KYB onboarding solution for fintechs.