The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking licence. Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licensed banking institution may operate under a different trading name.
Unity Bank Limited, an ADI, operates the following brands:
For the purposes of FCS, Unity Bank Limited would aggregate accounts under these brands to determine the FCS entitlement when generating the Single Customer View (SCV).