Is Barclays part of the Financial Services Compensation Scheme?

Yes, Barclays is part of the Financial Services Compensation Scheme (FSCS). The FSCS is a UK statutory protection scheme that provides customers with compensation in the event of a bank or financial institution failing. As an FSCS member, Barclays offers protection to its eligible customers, ensuring that their deposits up to £85,000 per person are safeguarded. This coverage applies across all Barclays accounts, including current, savings, and cash ISAs. The FSCS protection also extends to investment products and insurance policies provided by Barclays. It is reassuring for customers to know that their funds are protected by the FSCS, offering peace of mind and security for their investments with Barclays.