Is Barclays part of the Financial Services Compensation Scheme?

Yes, Barclays is a member of the Financial Services Compensation Scheme, commonly referred to as the FSCS. The FSCS provides a safety net for customers of financial services firms in the United Kingdom, protecting deposits in the event that a bank or financial institution fails. This means that if a customer has accounts with Barclays and the institution were to become insolvent, the FSCS would compensate eligible customers up to a certain limit. As of the latest information, the compensation limit for deposits is £85,000 per person per institution. It is important for customers to be aware of this scheme when considering the safety of their deposits. For the most current details, including information about eligibility and the claims process, one may find relevant information on Barclays' official website.