Out of idle curiosity...
I opened a savings account with The AA recently. It's operated by Birmingham Midshires, which is part of HBOS, which is part of Lloyds TSB. An interesting "feature" of the account, however, is that if you want to make a BACS or Faster Payments transfer, you pay into it an account Birmingham Midshires hold with Barclays. (Code 20-97-78, Barclays, Wolverhampton.) I presume this is a legacy arrangement from when BM was independent of other banks.
In the very unlikely event that Barclays went bust while my money was with them, would my money be protected by things like the FSCS?
In the very unlikely event that Barclays went bust while my money was with them, would my money be protected by things like the FSCS?