FSCS in-default register

Rafidain Bank

Declared in default18 July 1995FRN 204692

What this means for you

Because Rafidain Bank has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Rafidain Bank, registered with the Financial Conduct Authority under FRN 204692, was declared in default by the Financial Services Compensation Scheme on 18 July 1995. The firm's specific product offerings are not recorded in available data. Former customers of the firm may be eligible for FSCS compensation, though the applicable limits depend on the product types involved in their individual claims.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.