# FSCS Deposit Protection

**Canonical URL:** https://www.skillcast.com/courses/fscs-deposit-protection-training-course
**Canonical link:** `<link rel="canonical" href="https://www.skillcast.com/courses/fscs-deposit-protection-training-course">`
**Provider:** Skillcast
**Jurisdiction:** UK
**Library:** FCA Compliance
**Duration:** 20 minutes
**Format:** In-depth
**Experience level:** For All Staff
**Industries:** FS - Fintech, FS - Other, FS - Banking
**Topics:** Financial Crime, CoreCompliance, FCA Handbook
**Last updated:** 2024-07-01

## Description

The Financial Services Compensation Scheme (FSCS) safeguards customers' finances. It has protected over 4.5m customers and paid out over £2.6bn in compensation since 2001. If a building society, credit union or bank goes bankrupt, customers will receive automatic protection of up to £85,000. In most cases, affected customers receive their money back within a week. Our FSCS Deposit Protection Course explains which financial products and services are covered., the obligations for informing consumers and the levels of compensation available.

## Learning Objectives

- Understand their responsibilities are under the FSCS
- Be aware of what qualifies as a "temporary high balance"
- Comply with the FSCS compensation process
- Identify which customers are eligible for FSCS protection
- Appropriately display FSCS information

## Structured data (JSON-LD)

```json
{
  "@context": "https://schema.org",
  "@type": "Course",
  "name": "FSCS Deposit Protection",
  "description": "The Financial Services Compensation Scheme (FSCS) safeguards customers' finances. It has protected over 4.5m customers and paid out over £2.6bn in compensation since 2001. If a building society, credit union or bank goes bankrupt, customers will receive automatic protection of up to £85,000. In most cases, affected customers receive their money back within a week. Our FSCS Deposit Protection Course explains which financial products and services are covered., the obligations for informing consumers and the levels of compensation available.",
  "url": "https://www.skillcast.com/courses/fscs-deposit-protection-training-course",
  "provider": {
    "@type": "Organization",
    "name": "Skillcast",
    "@id": "https://www.skillcast.com/"
  },
  "timeRequired": "PT20M",
  "teaches": [
    "Understand their responsibilities are under the FSCS",
    "Be aware of what qualifies as a \"temporary high balance\"",
    "Comply with the FSCS compensation process",
    "Identify which customers are eligible for FSCS protection",
    "Appropriately display FSCS information"
  ],
  "about": [
    "FS - Fintech",
    "FS - Other",
    "FS - Banking",
    "Financial Crime",
    "CoreCompliance",
    "FCA Handbook",
    "UK",
    "FCA Compliance"
  ],
  "learningResourceType": [
    "In-depth"
  ],
  "educationalLevel": "For all staff",
  "dateModified": "2024-07-01"
}
```