Important information about the Financial Services Compensation Scheme
Your eligible deposits with Sainsbury’s Bank are protected by the Financial Services Compensation Scheme (FSCS). From 1 January 2016, the limit of protection will be £75,000 per depositor. This limit will be applied to the total of all your accounts held with Sainsbury’s Bank. Any deposits you have in excess of £75,000 are unlikely to be protected.
In some specific case, deposits may be excluded from the FSCS protection scheme. The FSCS information sheet and exclusions list provides further details on FSCS protection and the exclusions which may apply.
How the FSCS protects your money