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Financial Services Compensation Scheme

Important information about compensation arrangements

Your eligible deposits with IF are automatically protected by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. The Financial Services Compensation Scheme (FSCS) is backed by the Government and can pay compensation if a bank is unable to meet its financial obligations. It aims to return monies within 7 days. An eligible depositor is entitled to claim up to £85,000. This limit is applied to the total of any deposits you have with the following: Intelligent Finance (IF), Birmingham Midshires (BM Savings), Bank of Wales, Halifax, Bank of Scotland, Bank of Scotland Private Banking, Bank of Scotland Germany, Bank of Scotland The Netherlands, Bank of Scotland Treasury, Lloyds Bank Corporate Markets, Lloyds TSB Corporate Markets and St. James’s Place Bank. Some savings accounts under the AA Savings, Saga and Charities Aid Foundation brand names are also deposits with Bank of Scotland plc. Any total deposits you hold above the £85,000 limit between these brands are not covered.

If your money is in a joint account held by two eligible depositors, each of you can claim up to £85,000 (making a total of £170,000)

Please read the guide to protecting your money or visit

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme. Compensation is usually paid within 7 days.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making 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 their share of any joint account, and not to each separate account.

For further information about the compensation provided by FSCS (including the amounts covered and eligibility to claim) please call us on 0345 609 4343, refer to the FSCS website or call 020 7741 4100 or 0800 678 1100. Please note only compensation related queries should be directed to the FSCS.

If you are unsure whether your account is held with Bank of Scotland plc please check your account literature.



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