Is Ford Money regulated by the FCA? (2024)

Is Ford Money regulated by the FCA?

Ford Money is a trading name of FCE Bank plc which is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Is my Money safe with Ford Money?

Your savings are protected under the FSCS. It protects up to £85,000 (or £85,000 each, for joint account holders) of the money in your Ford Money accounts.

Does Ford Money have its own banking licence?

Ford Money is a trading style of FCE Bank plc., which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 204469. Registered in England and Wales under registration number 772784.

Is Ford Money a real bank?

Ford Money is a trading style of FCE Bank plc. which is a public limited company incorporated in the UK, wholly owned by Ford Motor Company.

Is Ford Money part of Barclays bank?

Beneficiary Name: FCE Bank plc. ('Ford Money' is a trading style of FCE Bank plc) Our Sort Code: 20-32-53 (We use Barclays as our clearing bank) Our Bank Account Number: 63604551.

Which bank is behind Ford Money?

Ford Money is part of FCE Bank, which is fully authorised and regulated by the Financial Conduct Authority. This means customers' savings are protected under the Financial Service Compensation Scheme.

Which bank underwrites Ford Money?

Ford Money is a trading style of FCE Bank plc. which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 204469.

Is Ford Money Market insured?

They are not insured by the Federal Deposit Insurance Corporation, they are not guaranteed by Ford Motor Company, and they do not constitute a bank account.

Is Ford Money covered by the FSCS?

Financial Services Compensation Scheme (FSCS) Protection

Your savings are protected under the scheme. It protects up to £85,000 (or £85,000 each, for joint account holders) of the money in your Ford Money accounts.

What is the interest rate for Ford Money?

Cash ISAs
NameInterest rateWithdrawals
Ford Money – Flexible Cash ISA Ford Money – Flexible Cash ISA4.4% AER variableInstant access
Ford Money – Flexible Cash ISA Ford Money – Flexible Cash ISA4.4% AER variableInstant access
2 more rows

What is the term breakage charge for Ford Money?

The term breakage charge is taken off the closing balance we pay you. It will be equal to a fixed number of days' gross interest on the amount you withdraw, at the rate your account is earning.

How much cash does Ford have in the bank?

Cash on Hand as of December 2023 : $40.17 B

According to Ford's latest financial reports the company has $40.17 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

What bank did Barclays take over?

Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008.

How long does Ford money deposit take?

We'll apply interest from the day you make your deposit, whether or not it is a business day. Deposits will show on your Ford Money account within two business days. (A business day means any day other than a Saturday, a Sunday or English public holiday.) We may offer additional deposit methods in the future.

What kind of debt does Ford have?

The Ford Motor Company reported total debt around 139 billion U.S. dollars in 2022. Total debt comprises automotive debt, credit debt, and other debt.

Is Ford debt free?

Ford Motor's total debt for fiscal years ending December 2019 to 2023 averaged 132.8 billion. Ford Motor's operated at median total debt of 133.4 billion from fiscal years ending December 2019 to 2023.

Is Ford in huge debt?

What Is Ford Motor's Net Debt? The chart below, which you can click on for greater detail, shows that Ford Motor had US$138.4b in debt in December 2022; about the same as the year before. However, it also had US$32.2b in cash, and so its net debt is US$106.2b.

Is it better to finance through Ford or bank?

Even if you think you may use dealer financing, starting with preapproval from a bank helps you squeeze the most out of your auto loan. Banks are often able to offer more competitive interest rates than dealerships and don't need to mark up their rates to turn a profit.

Who is Ford affiliated with?

Ford Motor Company: Ford, Lincoln, Troller. General Motors: Cadillac, GMC, Chevrolet, Holden. Renault-Nissan-Mitsubishi Alliance: Renault, Nissan, Infiniti, Dacia, Datsun, Samsung Renault, Lada, Mitsubishi.

Is Ford in financial trouble?

Ford's odds of distress is less than 3% at the present time. It is unlikely to undergo any financial crunch in the next 24 months. Ford's Probability Of Bankruptcy is determined by interpolating and adjusting Ford Altman Z Score to account for off-balance-sheet items and missing or unfiled public information.

Is Ford safe to invest in?

Another unattractive quality pertaining to Ford's financials is weak profitability. In the last decade, the company's operating margin has averaged a measly 7.5%. In fact, there hasn't been any clear indicator of margin expansion over the long term, which should worry investors.

Does Ford have a lawsuit against them?

Ford Motor Company faces a class action lawsuit brought on behalf of owners of certain Ford Expedition, Mustang, Ranger, F-150 and Lincoln Navigators vehicles, which are equipped with an 10R80 10-speed transmission, which may be prone to harsh and erratic gear shifts, as well as a sudden loss of power.

Should I keep all my money in one bank?

As long as that bank is FDIC-insured and your deposit doesn't exceed $250,000, you should be safe to do so. It might be worth it to maintain an account at a separate bank, however, just in case a bank error or accidental account freeze results in a loss of access to your money for a time.

Which bank is safe to keep money?

Summary: Safest Banks In The U.S. Of March 2024
BankForbes Advisor RatingATM Network
Chase Bank5.015,000+ Chase ATMs
Bank of America4.216,000+ ATMs in the U.S.
Wells Fargo Bank4.011,000
Citi®4.065,000
1 more row
Jan 29, 2024

Which banks are FSCS protected?

FSCS protects your money up to £85,000 for all banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

References

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