This is really useful, had no idea that banks were able to trade under one licence with different names.
I think it may be a bit confusing where it talks about accounts, it should be clearer stating different banks are required to have coverage over 85k
‘ * Don’t exceed the £85,000 limit: If the money in your current account is over the £85,000 limit for FSCS protection, you might want to spread your money across multiple accounts, to make sure it’s all protected.’
Ie I can’t have a current account and a savings account with say monzo in the future and receive £170k protection I’d need the accounts to be with different banks - I believe ?
Update - now having read then update on monzo savings - maybe I’m not entirely correct.
If we have a current account with monzo and a savings account with investec through monzo does this provide £170k cover