Where is the tenancy deposit stored?

Tenancy deposits under a paid plan (Basic, Essential or Complete) in England and Wales are registered and stored with the Tenancy Deposit Scheme (TDS), or Safe Deposits Scotland for Scottish properties. All tenancy deposits must be registered with a government-approved tenancy deposit scheme. In England and Wales, these are:

In Scotland, these are:

If a landlord is joining a paid plan and their tenancy deposit is already registered, our team will make arrangements for the deposit to be released and moved to the Tenancy Deposit Scheme (TDS). For Scottish tenancies, deposits taken on a paid plan will be stored with Safe Deposits Scotland.