Monument Bank Fscs. You could be entitled to compensation of up to £120,000 and o

You could be entitled to compensation of up to £120,000 and our service is free. Deposits with Monument Bank are protected up to a total of £85,000 by the FSCS – the UK's deposit guarantee scheme. See more details and frequently asked questions on our banks, building societies and credit unions protection page. Use our checkers to check your financial protection. Yes, your savings with Monument are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000. The FSCS may be able to provide compensation if this firm goes out of business owing you money. Details of certain exclusions from the FSCS’s protection are set out in the exclusions list after this information sheet. Habib Bank Zurich Habib Bank Zurich’s Fixed Rate eDeposit account currently offers the best-paying 12-month bond at 1. 41%. We are a fully licensed UK bank and regulated by the Financial Conduct Authority. To check your money is covered by the FSCS Savings Protection. If you can't find your bank, building society or credit union using our protection checker, FSCS might not protect your money. ‍ How am I protected? Eligible deposits benefit from FSCS protection up to the maximum limit of £120,000 per person per bank. The FSCS’ £120,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). The limit will apply to the total amount you have across all your Monument savings accounts and includes The Financial Services Compensation Scheme (‘FSCS’) protects deposits made by most individuals and businesses. org. Your account statement will confirm whether your deposits with Monument Bank are eligible for FSCS protection. ‍ Why this matters ‍ With a higher FSCS protection limit, you may have greater flexibility in structuring your savings. Savings will be protected by the FSCS up to £85,000 per person. Bank CEO announces that Monument achieves full banking licence am delighted to share that Monument has just achieved the lifting of restrictions on our banking licence. Pros and cons Pros Competitive interest rates Range of accounts to choose from Easy to open Who is Monument? Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth. Financial Services Compensation Scheme (FSCS) Eligible deposits benefit from FSCS protection up to the maximum limit per person per bank. Nov 30, 2025 · You don’t need to do anything – FSCS will compensate you automatically. fscs. uk/check/check-your-money-is-protected/ Example: Monument Bank Limited Is protected up to £85000 3. Learn about Monument Bank Limited (United Kingdom), specializing in retail banking. Habib Bank AG Zurich began operations in the UK in 1974 as a branch of a Swiss bank Habib Bank AG Zurich. Find out more now. Your money is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). It's about the rewarding life it helps you live. Oct 14, 2024 · It is also important to remember that compensation under the FSCS is limited to £120,000 per banking licence, rather than per account. We're a bank that understands wealth means more than money. Information on the FSCS bank protection limits. For more information, please see the FSCS section of our website and our FSCS Sep 24, 2025 · Yes, Monument Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. For more information, please see the FSCS section of our website and our FSCS Dec 9, 2024 · 2. Nov 30, 2025 · If your bank, building society or credit union fails and can’t pay back your money, FSCS can automatically pay you compensation. Where the FSCS cannot make the repayable amount available within 7 working days, it will, from 1 June 2016 until 31 December 2023, ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses or operating Who is Monument? Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth. A number of bank and building society brands are actually owned by the same banking group and operate under the same UK banking licence, with compensation levels being affected accordingly. On 1 December 2025 the deposit limit rose to £120,000. . Use our bank & savings protection checker to see how much of your money is FSCS protected, while our pension checker will let you see how much of your pension FSCS protects. Suggest you book mark both above registers for future use. Whether you're planning ahead or consolidating balances, the increased limit gives you more space to do it. Do you agree with Monument's TrustScore? Voice your opinion today and hear what 1,660 customers have already said. Eligible deposits are protected up to a total of £120,000 (or £240,000 for joint accounts). Jul 6, 2024 · Monument Bank Limited is a fully regulated UK bank that offers savings accounts. Jan 5, 2026 · Check the safety of your savings using the Money Saving Expert safe savings checker tool. Your money is protected up to £120,000 by the Financial Services Compensation Scheme (FSCS). Type in the FRN into the FSCS checker below: https://www. Jul 29, 2023 · Monument Bank is an new app-based savings firm which became a fully licensed bank in November 2021. Pros and cons Pros Competitive interest rates Range of accounts to choose from Easy to open Dec 9, 2024 · 2. What is the FSCS? The Financial Services Compensation Scheme (FSCS) is an independent scheme that protects some of your deposits with authorised firms like ours. Check how much of your money is protected by using our bank & savings protection checker. All eligible deposits are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS). Explore its financial positions, market share, deposit guarantee, bank identifiers, contacts. Do I receive FSCS protection? Monument Bank is part of the FSCS deposit protection scheme. Your provider must be authorised by the Prudential Regulation Authority (PRA) - you can check this on the Financial Services Register. Joint account holders are covered separately, giving couples up to £240,000 of coverage at each authorised provider. We are now a fully-licenced bank with the authority to take public deposits which are FSCS insured - a very significant moment for everyone involved. Sep 24, 2025 · Yes, Monument Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. The limit will apply to the total amount you have in your Monument Savings Account(s) and includes any Monument deposits you may have through any third-party savings platform. Dec 1, 2025 · FSCS protects customers when authorised financial services firms fail. Who is Monument? Monument is a fully regulated, UK bank built to help you manage, grow and enjoy your wealth. Why choose West Monument Bank for your Business Banking? Our expert Local Business Managers are in all our stores across the UK to help with your business banking needs, from everyday banking to securing funding and more Apply for a Business Bank Account in-store for same day account opening, in most cases. The protection provided by the Financial Ombudsman Service and FSCS depends on the activity a firm is carrying out. If you have any questions or need help with your savings account or property investment loan, find all the answers in one place. Feb 15, 2022 · Deposits are coved by the FSCS. Read our dedicated FAQ page to learn more about the FSCS. More than 100,000 clients save with Monument and benefit from our range of Lifestyle services and UK-based client servicing team.

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