Your eligible deposits with HSBC UK Bank plc are protected up to a total of £120,000, or up to £240,000 for joint accounts, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.
This limit is applied to the total of any deposits you have with the following: HSBC UK Bank plc, HSBC Private Banking, and first direct.
Any total deposits you hold above the limit between these brands are unlikely to be covered.
For more information on the scheme, please select the links below to view the FSCS poster and leaflet as well as the Information Sheet and Exclusions List or visit the FSCS website at www.fscs.org.uk.
Useful information
Please note that the on 1 December 2025, the FSCS deposit protection limit rose to £120,000 and we are in the process of updating our literature to reflect the changes, in the interim you may still see the old £85,000 limit in certain places.
