Eligible deposits that you hold with Tandem Bank Limited are protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme.
The total value eligible for protection is up to £85,000. This limit applies to each individual and to the total of any deposit balances you have (across all account types) with Tandem Bank Limited. Any deposits that you hold which exceed this figure are not covered by the scheme.
Most depositors (including individuals and small businesses) are covered by the scheme. Larger companies are generally excluded. For more information, please visit: https://www.fscs.org.uk/.