FSCS Protection

Deposits made in CV Finance Bank Limited (CV Finance) are protected by the Financial Services Compensation Scheme (FSCS). This scheme ensures that eligible deposits are safeguarded in the event of the bank's failure.

The limit of protection provided by the FSCS is £85,000 per depositor per bank. This means that if you have deposits with CV Finance, up to £85,000 of your funds will be protected.

If you have multiple eligible deposits at CV Finance, the FSCS will aggregate them together. However, the total amount of protection is still limited to £85,000. This means that if you have, for example, £50,000 in a savings account and £40,000 in a current account, only £85,000 will be protected.

In the case of a joint account with another person or persons, the limit of £85,000 applies to each depositor separately. This means that if you share a joint account with someone, both you and the other person will have £85,000 of protection each.

If CV Finance were to fail, the reimbursement period for eligible deposits is 20 working days. This means that you should receive your protected funds within this timeframe.

The currency of reimbursement is in pound sterling (GBP, £). This means that if you are eligible for compensation, you will receive your funds in GBP.

To contact the FSCS for further information on compensation:

Financial Services Compensation Scheme 10th Floor Beaufort House
15 St. Botolph Street
London EC3A 7QU
Tel: [phone] or 020 7741 4100
Email: [e-mail]

More information:
www.fscs.org.uk