HSBC Bank Plc, Jersey Branch

Deposit Guarantee

Deposit Guarantee
Yes (up to 50,000 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 HSBC Bank Plc, Jersey Branch

All credit institutions operating in Jersey are obliged to participate in Jersey's deposit guarantee scheme.

HSBC Bank Plc, Jersey Branch is a member of Jersey Bank Depositors Compensation Scheme (DCS) and makes its contributions into it. In the case of HSBC Bank Plc, Jersey Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
50,000 GBP
Eligible Depositors
private individuals
  • residents of Jersey
  • foreign residents
Non-Eligible Depositors
partnerships or trusts
Covered Accounts
all deposit accounts
Covered Currencies
all currencies, namely
  • GBP (Pound sterling)
  • foreign currencies
Paid In Currency

Jersey Bank Depositors Compensation Scheme (DCS)

The Parade, 5th FLoor, Cyril le Marquand House, St Helier, JE4 8UL, Jersey
+44 1534 449500

Further Information