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Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Deposit protection to safeguard against bank failure

​​​​​​​​​​​​​About Deposit Protection

During the 2008 global financial crisis, Jersey was fortunate not to experience a bank failure. As the risk remains, Jersey’s financial safety net is designed to protect the I​sland’s economy and the public, if something were to happen in future​.

The Jersey Resolution and Depositors Compensation Authority (JRDCA)​

JRDCA is the independent body responsible for safeguarding the pu​blic and the wider economy from the impacts of bank failure. It provides protection through:

Resolution planning

This involves taking action and helping a failing bank to ensure that essential services continue, to:

  • protect public money
  • support economic stability

Depositors’ Compensation

The Jersey Bank Depositors Compensation Scheme (JDCS) repays eligible depositors up to the scheme limit when a bank, that usually doesn't provide essential services, goes into liquidation.​​

Jersey Resolution and Depositors Compensation Authority (JRDCA)​​

Learn more about the Jersey Bank Depositors Compensation Scheme(JDCS) on JRDCA​.

Banks covered by the Jersey Bank Depositors Compensation Scheme (JDCS)

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 purpose of Article 142H of the Bank (Recovery, Resolution and Depositors Compensation) (Jersey) Law 2017:

  • Citibank N.A., Jersey Branch
  • Citicorp Banking Corporation, Jersey branch
  • Union Bancaire Privée, UBP SA, Jersey branch
  • Union Bancaire Privée (UK) Limited, Jersey branch​
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