Isle of Man Depositors' Compensation Scheme
Accounts held with the Isle of Man branch of Santander UK plc are opened, maintained and sited in the Isle of Man and therefore are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000.
Santander UK plc is licensed by the Isle of Man Financial Supervision Commission for its Isle of Man branch and deposits held with the Isle of Man branch are covered by the Isle of Man Depositors' Compensation Scheme as set out in the Isle of Man Depositors' Compensation Scheme Regulations 2010. The maximum compensation is £50,000 per individual or £20,000 for most other categories of depositor. Full details of the Scheme and banking groups covered are available on the Isle of Man Government website or on request at our Isle of Man branch.