Is Gatehouse Bank FSCS protected?
Keeping your money safe
Your eligible deposits with Gatehouse Bank are currently protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit protection scheme. The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations.
Can I trust Gatehouse Bank?
Is Gatehouse Bank safe? Gatehouse Bank is regulated by the UK's financial services regulator, the Financial Conduct Authority (FCA), and all retail savings deposits are covered under the FSCS, which means that up to £85,000 of your savings are protected in the event that Gatehouse Bank becomes insolvent.
Is Gatehouse Bank Sharia?
As a Shariah-compliant bank, we take deposits and invest the funds in a portfolio of assets that comply with Shariah principles, with the aim of generating the expected profit rate. We also have an obligation as trustee.
Is Gatehouse a good bank?
Unlike some 'investment' firms masquerading as 'safe' saving accounts, Gatehouse Bank is a legitimate alternative to better known high street brands.
How does Gatehouse mortgage work?
With a home purchase plan you buy the property jointly with us – your deposit is your stake, and we fund the rest. Once all your payments are made, you acquire the property and the deed of the property transfers to you. You are free to sell the property any time, and there are no early payment charges.