FSCS Limit Monitoring
Oinkly monitors your savings against the £120,000 FSCS limit and flags when two brands share a banking licence, so you know if you are unknowingly over the limit.
Oinkly monitors your savings against the FSCS limit and flags when two brands share a banking licence, so you can spot if your money is unknowingly over the protected amount.
Know where you stand on FSCS protection
The Financial Services Compensation Scheme protects your money if a UK-authorised bank, building society or credit union fails. From 1 December 2025 the limit is £120,000 per person, per banking licence, or up to £240,000 for money held in a joint account.
The catch is the phrase per banking licence, not per brand. Several well-known names can share a single licence, and your protection is shared across all of them combined. It is surprisingly easy to spread money across what feel like separate banks and still end up over the limit on one licence.
Oinkly helps you keep an eye on this. As you add your savings, it monitors how your balances line up against the FSCS limit and shows you where you stand.
Flagging shared licences before they catch you out
The clever bit is spotting brands that quietly share a licence. If you hold savings with two names that sit under the same banking licence, Oinkly flags it, so you can see that your combined balance may be over the protected amount without you ever realising.
What Oinkly does for you
- Monitors your balances against the £120,000 limit per licence.
- Flags shared licences when two brands count as one.
- Highlights exposure so you can decide whether to move money.
- Keeps it in view as your balances change over time.
To be clear, Oinkly does not provide FSCS protection and cannot pay compensation. Protection comes from the scheme itself. What Oinkly does is monitor your exposure and point out where you might be over the limit, so you can act before it matters.
Check and learn more
Want a quick look right now? Our FSCS limit checker lets you test your position in seconds, and our guide on whether your savings are over the FSCS limit explains it all in plain English.
FSCS monitoring works best when your full savings picture is in one place, so it pairs naturally with Oinkly's net-worth tracking.
Frequently asked questions
What is the FSCS limit?
From 1 December 2025 the FSCS protects up to £120,000 per person, per banking licence, or up to £240,000 for money held in a joint account.
Why does the banking licence matter more than the brand?
Protection is applied per licence, not per brand. Two names can share one licence, which means your protection is shared across both combined rather than doubled.
Does Oinkly provide FSCS protection?
No. FSCS protection comes from the scheme itself, not from Oinkly. Oinkly monitors your balances and flags where you may be over the limit so you can act.
How does Oinkly know two brands share a licence?
Oinkly flags known shared-licence brands as you add your savings, so you can see when balances that feel separate actually count as one for FSCS purposes.
Which tier includes FSCS monitoring?
You can check your position free with our FSCS limit checker. See the pricing page to compare tiers and the 7-day free trial.
What should I do if I am over the limit?
Oinkly highlights the exposure so you can decide whether to move some money to a bank on a different licence. It is a monitoring tool, not financial advice.