FSCS Deposit Protection Increase

As at 1st December 2025, the Financial Services Compensation Scheme (FSCS) deposit protection limit has increased from £85,000 to £120,000.

Money held with UBL UK is covered by FSCS. This update means that if a UK-authorised bank, building society or credit union fails, eligible funds of up to the new limit of £120,000 per eligible person, per authorised firm will be protected.

For joint accounts, FSCS will protect up to £240,000 (i.e. £120,000 per person). The new £120,000 limit covers the combined amount in all of a customer’s accounts with the Bank, including their share of any joint account.

For further information on the limit increase, please visit https://www.fscs.org.uk/what-we-cover/banks-building-societies-credit-unions/deposit-limit-increase/