FSCS is to give (limited) protection from a bank's bad investment/lending decisions. Tide operate using an emoney license which requires deposits to be held in

FSCS is to give (limited) protection from a bank's bad investment/lending decisions. Tide operate using an emoney license which requires deposits to be held in a ring-fenced account and doesn't allow them to be lent/invested in that way. I'd be interested in other opinions but my understanding is that the risk FSCS protects against in the case of a bank can't happen under an emoney license anyway. (FSCS doesn't protect you from the problem this article was about either, and that seems much more likely to happen than one of the large banks being allowed to fail..) Their accounts are super easy to setup, if their fee structure fits how you work then it's probably worth having one even if it's "just in case" to keep your options open.