The Financial Services Compensation Scheme (FSCS)

Eligible deposits in current accounts and savings accounts up to a total of £85,000 are covered.

Compensation is limited to a maximum of  £85,000 per person, per banking licence.

Ulster Bank shares a banking licence with National Westminster Bank plc (NatWest), Mettle, NatWest Premier and NatWest Boxed.

The Royal Bank of Scotland plc shares a banking licence with Child & Co, Holts and Drummonds.

Coutts has it’s own banking licence.

Your share of the balance of the joint account is covered up to a total of £85,000.

Yes, children have the same protection up to £85,000 for accounts held in their name or where they are listed as the beneficial owner (e.g. money held on their behalf in trust).