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Is My Clients' Money Protected? Understanding FSCS Cover on Your Calmony Client Account

Calmony client accounts are held with Griffin, a UK-regulated bank, so eligible funds are protected by the Financial Services Compensation Scheme (FSCS) if Griffin were ever to fail.

How much is covered?

FSCS protection is £120,000 per person, not per account or per pool of money. This applies whether your Calmony client account is a dedicated account for one beneficiary, or a pooled account holding funds for several landlords or beneficiaries.

  • If a beneficiary's balance is £120,000 or less, it's fully protected.
  • If it's higher, only the first £120,000 is covered - the rest ranks as an unsecured claim in Griffin's insolvency.

See Griffin's Deposit Protection page for full details.