FSCS Protection: How Your Money Is Protected

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About Course

Understand what the Financial Services Compensation Scheme (FSCS) protects if a bank, building society, investment firm or insurer fails, the current limits, and the gaps people often miss, such as shared banking licences and e-money apps.

This course gives general information only. It is not financial, tax or legal advice, and Tutwoo is not authorised by the Financial Conduct Authority to give financial advice. Figures and rules were checked against official sources on 30 October 2026 and can change. For help with your own situation, use free guidance from MoneyHelper or speak to a regulated adviser.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

What Will You Learn?

  • Know the £120,000 deposit protection limit and how it applies per person, per firm
  • Spot when two brands share one banking licence and one limit
  • Understand temporary high balance protection and investment, pension and insurance cover
  • Recognise what the FSCS does not cover, including e-money and market losses

Course Content

Course Lessons

  • What the FSCS is and how deposit protection works
  • Lump sums, investments, pensions and insurance
  • Gaps, checks and a simple action plan

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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