Is your deposit covered by the Financial Services Compensation Scheme?
As a customer of Teachers Building Society your account(s) with us are covered by the Financial Services Compensation Scheme up to the maximum of £50,000 per person, unless you are:
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A large company, a large mutual association or a credit institution regulated by the Financial Services Authority (subject to certain exceptions)
A large company
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A large mutual association
- A local, provincial, regional or municipal authority
- A pension and retirement fund or a trustee of such a fund (subject to certain exceptions)
A company within the Teachers Building Society group (subject to certain exceptions)
The auditors of Teachers Building Society and its group
- A large company, a large mutual association or a credit institution considered responsible for the default of the society which triggers the claim for compensation under the Financial Services Compensation Scheme
A person whose claim arises from transactions relating to conviction they have received for money laundering.
Further details of exclusions from Financial Services Compensation Scheme cover, the exceptions referred to above and definitions of the terms used above can be found on the Financial Services Authority website at http://fsahandbook.info/FSA/html/handbook/COMP/4/2
