Banks covered by the Depositors Compensation Scheme (DCS)
The following Jersey registered banks may hold eligible deposits:
- Barclays Bank plc, Jersey Branch
- BNP Paribas S.A., Jersey Branch
- Butterfield Bank (Channel Islands) Limited, Jersey Branch
- EFG Private Bank Limited, Jersey Branch
- HSBC Bank Plc, Jersey Branch
- Investec Bank (Channel Islands) Limited, Jersey Branch
- JPMorgan Chase Bank N.A., Jersey Branch
- Lloyds Bank Corporate Markets plc, Jersey Branch
- Nedbank Private Wealth Limited, Jersey Branch
- Royal Bank of Canada (Channel Islands) Limited
- Santander Financial Services plc, Jersey Branch
- Standard Bank Jersey Limited
- Standard Chartered Bank, Jersey Branch
- The Royal Bank of Scotland International Limited
- UBS AG, Jersey Branch
Banks grouped for the purposed of Regulation 6 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009:
- Citibank N.A., Jersey Branch
- Citicorp Banking Corporation, Jersey Branch
- Union Bancaire Privée, UBP SA, Jersey Branch
- Union Bancaire Privée (UK) Limited, Jersey Branch
Bank deposits held outside of Jersey
To be protected by the DCS, deposits must be placed in an account held in Jersey with banks regulated by the Jersey Financial Services Commission.
Bank deposits in more than one bank in a banking group
Each group will be taken to be one bank for the purpose of paying compensation to depositors.
Where a depositor has accounts with more than one bank in the same group, collectively deposits in those accounts will be protected up to £50,000 in total.
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