UK Bank Customers to See Major New Rules From December 1

Anyone with less than £120,000 set to benefit from new UK bank account rule coming into force

Customers will have more of their money protected if a financial provider fails under new rules

UK bank customers to see major new rules from December 1

Officials at the Prudential Regulation Authority have confirmed details of the new changes

Major bank change next month for savers with under £120,000 in account

A limit is set to change from December 1, 2025 under new rules

PRA publishes final rules in relation to FSCS deposit protection limits

On 18 November 2025, the Prudential Regulation Authority (PRA) published a policy statement (PS 24/25) setting out final rules in relation to increasing the Financial Services Compensation Scheme (FSCS) deposit protection limits.BackgroundThe FSCS is the UK’s deposit guarantee scheme, which protects eligible deposits by providing compensation to depositors if a firm fails. The PRA consulted in March 2025 (CP 4/25) on proposed amendments to the d…

PRA confirms FSCS deposit limit to be increased to £120,000 from 1 December

New UK bank account rule coming into force for anyone with less than £120,000

Up to £120,000 of your cash will be returned to you if a UK-authorised bank, building society or credit union goes out of business UK bank customers will have more of their money protected if a financial provider fails under new rules coming into force. As of December 1, up to £120,000 of your cash will be returned to you if a UK-authorised bank, building society or credit union goes out of business. This is up from the current cap of £85,000, w…