Govt Bank Balance Guarantee

Hi.

Can someone clarify what the Govt. Bank Guarantee covers, please?

1) I believe it is currently for the first £35K of deposits, but likely to rise to £50K shortly?

2) Is it just for Sterling deposits or other currencies as well (eg. Euros)?

3) Just for UK residents or for all accounts held in UK banks, regardless of residence?

TIA Helpless

Reply to
Helpless Soul
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This answers some of those questiopns:

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Reply to
RobertL

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