IT HAS COME TO MY ATTENTION THAT WHEN LOGGING INTO ONLINE BANKING VIA NATIONWIDE YOU GET GREETED WITH THIS FRIENDLY BUT BLATANT WARNING…………………..YOU HAVE BEEN WARNED!!!
Important information about compensation arrangements
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors – including most individuals and small businesses – are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the building society, including their share of any joint account, and not to each separate account.
Nationwide Building Society operates under the trading names of: Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide UK (Ireland). The FSCS limit relates to the combined amount in all the eligible depositor’s accounts with all of the building society trading names including Nationwide.
Head of Current Account
Nationwide Building Society
Message updated 31 May 2012