We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device. You can find out more and set your own preferences here.
Financial Services Compensation Scheme
General Disclosure
Ulster Bank Limited is a member of the Financial Services Compensation Scheme (FSCS). The Scheme can pay compensation to customers if they are eligible and a regulated firm is unable to pay claims against it, usually if the firm stops trading or is insolvent. Compensation limits apply depending on the type of claim:
- Deposits - for money held in a bank or building society in the UK, the scheme will cover up to £85,000. Deposits in all currencies are treated the same.
- Investments - maximum £50,000, i.e. 100% of first £50,000 per person.
- Mortgage advice and arranging (for business conducted on or after 31 October 2004) - maximum £50,000, i.e. 100% of first £50,000 per person
- Long-term insurance (e.g. pensions and life assurance): maximum 90% of the claim without any upper limit.
- General Insurance:
- Compulsory insurance (e.g. third party motor): 100% of the claim, without any upper limit.
- Non-compulsory insurance (e.g. home and general): maximum 90% of the claim, without any upper limit.
- General insurance advice and arranging: (for business conducted on or after 14 January 2005). Maximum 90% of the claim, without any upper limit.
Most retail consumers (this includes private individuals and some small businesses) are eligible under the Scheme.
For further information on the conditions governing compensation and details on how to apply please refer to the FSCS at www.fscs.org.uk.