�50,000 Government Guarantee

[Sasso1]

As I understand this guarantee if someone has a number of savings accounts (say ISA`s) in the same Bank/Building Society all the accounts would be covered in total up to the 50K.
Someone has suggested to me that only 1 of the accounts would be covered & not all the accounts.
I presumed that all accounts would be added together up to the 50K and covered.
Can anyone clarify this point for me
Many thanks
Sasso1

[Ethel]

�50000 per person per instuttion.

It doesn't matter how many accounts a person has in the same bank or bs - if the bank or bs collapses the accounts will no longer exist.

The account(s) holder will get a cheque for the amount they had in the account(s) up to �50k, whether that is one account or several.

[buildersmate]

Do you happen to know how it works for small business customers' accounts, Ethel? - or doesn't it.

[Ethel]

BM - please read point 11 here and follow the link for further information:

http://www.fscs.org.uk/consumer/faqs/claiming_ compensation_faqs/

[buildersmate]

Thanks. BM

[Sasso1]

For Ethel

Many thanks for your answer to my question - greatly appreciated.

Sasso1

[dave2222]

well if youve that much give me 15k and il garantee you never see it again.