Rani holds £70,000 with Elmbrook Savings and £80,000 with Elmbrook Direct, two brands of the same bank operating under a single banking licence. The bank fails in 2026. What is her total FSCS protection?
FSCS deposit protection is £120,000 per eligible person per authorised institution from 1 December 2025 (fscs.org.uk). Brands that share one banking licence count as one institution, so Rani's £150,000 is protected only up to £120,000 in total. Had the brands held separate licences, both balances would have been fully protected.
Giving each brand its own £120,000 limit.
Practise more FRE2 Complaints, the FOS, the FSCS & Conduct Risk questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Original practice material mapped to the published CeMAP FRE2 learning outcomes. Independent, not endorsed by Walbrook (formerly LIBF). Verify figures and rules against current guidance before relying on them.
