Protect Currency Charter For Free

Your eligible deposits with Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

Two federal agencies share responsibility for state banks: Federal Deposit Insurance Corporation (FDIC) - The FDIC insures state-chartered banks that are not members of the Federal Reserve System. The FDIC also insures deposits in banks and federal savings associations in the event of bank failure.

The decision to terminate a bank's status as a federally chartered bank is generally a business decision made by the bank's board of directors and shareholders or members. If a bank decides to terminate, the bank should complete the process in a timely manner and promptly end its status as a federally chartered bank.

Please note, Charter Savings Bank is part of Charter Court Financial Services and your Nominated Account provider may have this listed as the payee to verify your transfer.

Charter Savings Bank does not share a banking licence with any other bank or take deposits under any other brand name, so all your eligible deposits with Charter Savings Bank are protected up to the full £85,000.

Impact of Dodd-Frank Historically, a key benefit of a national bank charter was the widespread claim that federal laws took precedence over state laws by their charter. This was advantageous for banks with operations in multiple states, as the federal laws preempted the differences in state laws.

Company information. Charter Court Financial Services Group plc is registered in England and Wales with company number 6712054 and has the following subsidiary companies (all of which are registered in England and Wales): Charter Court Financial Services Limited (Company number 6749498)