"My partner and I were shown a video which, among other things, mentioned the FSCS protection on deposits and stated it was £75,000, or £150,000 for joint account holders," she said.
"As a financial journalist writing about these things every other day I knew straight away that was the wrong figure, but my partner who doesn’t was none the wiser and accepted the message without a second thought.
Some banks haven’t updated their websites with the new information either, which should be a much simpler process." We found Halifax, Lloyds, Barclays, HSBC, First Direct, M&S Bank and Tesco Bank had information on FSCS protection but had the old £75,000 limit stated or just not stated at all.
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At the end of January the amount of savings that the Financial Services Compensation Scheme (FSCS) guarantees in the event a bank or building society goes under was raised from £75,000 to £85,000.
However, many high street banks are yet to update their websites and in-branch literature with the new information, potentially providing wrong information to customers about the level of protection available.
Direc TV (stylized as DIRECTV) is an American direct broadcast satellite service provider based in El Segundo, California and is a subsidiary of AT&T.