Plain-English guides to UK banking
Clear guides to current accounts, cards, borrowing, savings and digital banking. Balanced, sourced and written for people who just want a straight answer.
Chase UK does not currently offer a joint current account — only a personal (sole-name) account and a linked saver. Here is what that means if you want to share banking with a partner.
Read the guide →Look the firm up on the FCA's Financial Services Register and read its permissions. A deposit-taker is regulated by both the FCA and the PRA; an e-money or payment institution is FCA-only.
Section 75 makes your credit card provider jointly liable with the seller when a single item has a cash price of more than £100 and no more than £30,000, and the seller misrepresented it or broke the contract.
No. Revolut's own terms say cryptocurrency isn't covered by the FSCS, and unlike a bank deposit or a safeguarded e-money balance, there is currently no dedicated statutory custody-protection regime standing behind it either.
Safeguarding means a payment or e-money firm must keep your money separate from its own. It is not compensation: if the firm fails you get a share of a ring-fenced pool, minus administration costs.
It depends which Revolut entity holds your account. Balances with Revolut Bank UK Ltd are FSCS protected up to £120,000 per person; balances still with Revolut Ltd are e-money and only safeguarded.
Usually yes. Since October 2024 UK banks must reimburse victims of authorised push payment scams up to £85,000, within five business days — unless you were grossly negligent or in on the fraud.
Representative APR is the rate the lender expects to give at least 51% of the people it accepts. Up to 49% can legally be offered something worse — which is why the rate you are quoted may not match the advert.
Since 1 December 2025 the FSCS deposit limit is £120,000 per eligible person, per authorised firm. The catch is "per firm", not per account or per brand — several high-street names can share one banking licence.
Seven working days, using the Current Account Switch Service. You pick the switch date, your Direct Debits, standing orders and incoming payments move across, and the old account closes — backed by a guarantee that refunds any charges caused by an error.
Compare AER with AER. AER standardises for how often interest is paid and compounded, so it is the only figure that puts a monthly-interest account and an annual-interest account on the same footing.