in an indy Scotland, would first £85000 in bank account still be protected?

[margie3]

In the UK, the first £85000 in every personal account is protected by the UK Government's Financial Services Compensation Scheme.

If Scotland goes independent and leaves the UK, will the Scottish Government run a similar scheme? I've read their White Paper, but they assume Scotland will belong to the EU and be in a currency union with rUK. Which it won't.

So far I've been "Yes". But if they can't provide an unambiguous assurance that they will continue the protection, then I'm switching to "No".

No, there is no assurance.
Because it is not certain that Scotland will be allowed to join the EU (Spain in particular will try to block it)

Ask your bank - see if they also hold an English registration

I have actually asked this question. No-one has any idea - there has been no planning at all about what may happen to the financial institutions.

or anything else, it appears.

Ask them in writing and point out that if they do not give you a clear answer you will remove your funds from their accounts in advance of the referendum as they will then no longer be covered by the FSCS guarantee that was the basis of your investment decision ....

its a nightmare - I'm still extracting client funds from the Irish banks, the Co op, Clydesdale and Yorkshire Banks and now the Scottish banks
FFS we'll be stuck with the big four again

I agree. It is yet another issue that won't be known until there is a yes vote and Scotland is independent.