You are covered up to £85,000
Your eligible deposits with Ikano Bank AB (publ) are protected up to a total of £85,000 (per person, not per account) by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. So for joint accounts, each customer has an £85,000 limit – that’s up to £170,000 protection in total.
Any deposits you hold above the limit are unlikely to be covered. For further information see our information about the FSCS or visit www.fscs.org.uk.
In the event of a bank failing, any communication about compensation under this scheme would be in English and would come from the Financial Services Compensation Scheme (FSCS) based in the UK, also any money paid back to you would be in pounds sterling.
Basic information about the Financial Services Compensation Scheme (FSCS)