Financial Services Compensation Scheme
Your eligible deposits held by a UK establishment of Bank of Scotland plc are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Halifax, Bank of Scotland, Bank of Scotland Private Banking, Lloyds and Lloyds Bank.
Lloyds and Lloyds Bank are trading names used by both Lloyds Bank plc and Bank of Scotland plc.
If your Lloyds or Lloyds Bank account has a sort code starting with 30 or 77 your money is protected with Lloyds Bank plc. If your sort code starts with 11, your money is protected with Bank of Scotland plc.
Any total deposits you hold above the limit between these brands are unlikely to be covered.
Note, if you have deposited funds through a type of financial institution known as a 'Deposit Aggregator', they will place the funds with Banks and Building Societies who are licenced to hold deposits. Please ensure you understand which financial institution(s) your funds are held with, as all money held under a single banking licence e.g. Bank of Scotland plc, will be pooled under a single £120k deposit protection allowance.
Please view How FSCS protects your money (PDF, 737KB) for further information or visit www.fscs.org.uk.
Due to FSCS eligibility criteria not all business customers will be covered.