The TL;DR
Yes — online banks with a UK banking licence get exactly the same FSCS protection as high street banks: up to £120,000 per person, per licence.
The detail
- Monzo, Starling and Chase hold UK banking licences.
- Revolut became a fully licensed UK bank in March 2026; check your specific account is FSCS-protected.
- Some apps aren’t banks at all — they hold your money with a partner bank. Check the FSCS website if you’re not sure.
Your 5-minute move
Your 5-minute move
Use the tools and explainers below to check your own numbers.
Related questions
Receipts · checked 9 November 2026
- Bank of England — FSCS deposit limit increased to £120,000 — from 1 December 2025