As all of our partner banks and deposit administrators are fully regulated in the UK, in the unlikely event that Raisin UK ceases trading, your deposits, as well as all other customer deposits, would be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per banking group, or up to a similar amount through the equivalent European deposit guarantee scheme (see product details for further information). Money held in your Transaction Account is also protected by the FSCS up to £85,000 per person, per banking group, as your Raisin UK Account is managed by ClearBank, a fully regulated UK bank.
If Raisin UK ceases trading, then your funds would remain safe with the partner bank you originally deposited them with, and together we would contact you and provide you with the options for continuation of your deposit that are available to you at that time.