Get quick answers to common questions about our products and services.
What is FSCS protection?
The Financial Services Compensation Scheme (FSCS) is the UK's statutory deposit protection scheme. If a bank fails, the FSCS protects eligible depositors by compensating them for money held in eligible accounts, up to £120,000 per depositor per bank.
Griffin is a UK bank, authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA, which means eligible deposits held with Griffin are FSCS 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?
- 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 happens if Griffin fails?
- 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
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