Are School, Academy and Charity Deposits covered by the
Financial Services Compensation Scheme (FSCS)?

Whilst the FSCS was set up originally to protest the savings of personal customers, it does actually protect many more organisations as well.

Whilst the rules can change, it is important to note that your deposit provider must to be authorised by the Prudential Regulation Authority. You can find a list of banks and building societies on the FCA web site here: https://register.fca.org.uk/s/

Who and what the FSCS cover is detailed here: https://www.fscs.org.uk/what-we-cover/banks-building-societies/

There is an excellent Q and A section on the FSCS site that details the coverage for 'non personal' customers of banks here:

https://www.fscs.org.uk/industry-resources/deposit-protection-banks/ 

Coins