What happens to my money if Bondsmith fails?

Your money held in GB Bank will not be affected if Bondsmith fails and will still be covered by the FSCS. But funds may take longer to retrieve than if it was saved directly with the bank.

Your money held in transit between NuWealth and GB Bank is protected through safeguarding. There’s no limit to the amount protected through safeguarding, but some costs could be taken by the administrator or liquidator if we were to fail. This could impact the amount that you receive, and it could take longer to get your money back than if it were held directly with a bank.