Apologies if this has been discussed before (couldn't find on search), but does anybody know what protection exists for small businesses in the event of a banking collapse?
I know that personal deposits up to £35K are covered through the FSA compensation scheme, but is there anything similar in place for small businesses, should a bank go under?
I'm not naturally a paranoid person, but I'm wondering if I should re-think my strategy of letting money build up in the ltd. co. account!
Thanks in advance!
I know that personal deposits up to £35K are covered through the FSA compensation scheme, but is there anything similar in place for small businesses, should a bank go under?
I'm not naturally a paranoid person, but I'm wondering if I should re-think my strategy of letting money build up in the ltd. co. account!
Thanks in advance!
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