Are business bank accounts covered by the bank balance guarantee UK? |

Are business bank accounts covered by the bank balance guarantee UK?

So if my bank had £50,000 in it (I wish!) and my bank went under I would (in theory) get back the £50,000.

BUT, if I am in partnership with someone else and we have £100,000 in the partnership bank account, is any of this guaranteed (ie does it apply to business accounts?) and does each partner get a £50,000 guarantee each or is it one per account?

It is one per account

This entry was posted on Saturday, July 25th, 2009 at 6:50 am and is filed under bank accounts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Are business bank accounts covered by the bank balance guarantee UK?”

domquin on July 25th, 2009 at 12:29 pm

It is one per account
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