bank deposit protection

[billroberts]

please can anyone help me on this? alistair darlings increase of bdp to � 50,000, i have been told that in a joint account with sufficient funds �100,000 woul be paid should the bank or building society become insolvent, but have seen nothing to confirm this in the press, i would be grateful for any informacion on this matter. also does the bdp apply to british account holders living out of britain but within the eec.
many thanks in anticipation.
bill roberts.

[Ethel]

FSCS would pay compensation up to the limit of �50,000 per person, per authorised institution.

http://www.fscs.org.uk/consumer/faqs/deposit_c laims_faqs/

So, �50k for a single person, �100k for a couple

[billroberts]

thanks ethel,
any info on part two of the question.
bill.

[Ethel]

As that can be very complicated I suggest you contact the FSCS

020 7892 7300

or email:

[email protected]

[billroberts]

many thanks once again.
bill.

[kjn2]

Excellent article on this in todays Mail on Sunday goes into it a lot further. Seems where and how funds deposited counts too.(Fianancial section)