Financial institutions like banks have sometimes failed, so we want to know what happens to your money if they do. We’re sitting down with Emma Barrow from the Financial Services Compensation Scheme (FSCS) who are sometimes referred to as the ‘scheme of last resort’. They will pay you back your money if your bank fails, up to £85,000 per person per bank - but it’s a bit more complicated than that. You can find out more about the work the FSCS do on their website: https://www.fscs.org.uk/ 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors: Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/ep10. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.