Will my money be covered by the Financial Services Compensation Scheme?
The fixed term investments/structured products we sell are not covered by FSCS.
Regarding the other investments we arrange, if we or the third-party provider are unable to meet our liabilities and you make a valid claim, you may be entitled to compensation from the FSCS. This depends on the type of business and circumstances of the claim. Most types of investment business are covered for 100% of the first £50,000 per person per firm. But not all investments are covered and your product brochure will reveal further information about FSCS coverage for your particular product or fund.
All Barclays savings accounts are covered by this scheme, so in the event that Barclays becomes unable to meet its obligations you may be entitled to compensation. Compensation levels are dependent on the basis of your claim with the maximum limit for deposits at £85,000 per person. For joint accounts, each account holder is treated as having a claim in respect of their share so, for a joint account held by 2 eligible depositors, the maximum amount that could be claimed would be £85,000 each, a total of £170,000. The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the bank, including his or her share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website or call 020 7741 4100 or 0800 678 1100.
Barclays Bank PLC may also accept deposits under the following trading names: Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Corporate, Barclays Direct, Barclays UK & Ireland Private Bank, Barclays International Private Banking, Barclays Premier, Barclays Private Bank, Barclays Wealth and Woolwich Mortgages. Deposits accepted from an eligible depositor under these trading names are combined for the purposes of deposit compensation from the FSCS. The FSCS is not applicable to deposits held at branches in the Channel Islands or the Isle of Man.