Worth pointing out that sometimes multiple banks share a license (usually when new entities want a bank-like product and white-label an existing bank) and then

Worth pointing out that sometimes multiple banks share a license (usually when new entities want a bank-like product and white-label an existing bank) and then you’re only covered for 100k per license. In extremis, you can have many bank accounts but only be covered up to 100k total, if they all map to the same license.