Yes (up to 85,000 GBP per depositor)
Deposit guarantee scheme is a financial stability mechanism
implemented in many countries to protect bank depositors against the loss of their deposits
in the case when a bank is unable to meet its obligations to depositors
by compensating certain deposits held by depositors of the bank.
This compensation is paid out from the contributions which banks have made
into a deposit guarantee fund.
Deposit Guarantee in BNP Paribas
All credit institutions operating in the United Kingdom are obliged to participate
in the United Kingdom's deposit guarantee scheme.
BNP Paribas is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it. In the case of BNP Paribas failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
large companies with some exclusions
time deposit accounts
GBP (Pound sterling)foreign currencies
all currencies, namely
Financial Services Compensation Scheme (FSCS)
15 St Botolph Street, 10th Floor Beaufort House, London, EC3A 7QU, United Kingdom
+44 20 7741 4100