john 52 Thanks for the info. I was completely unaware of this forthcoming change.Regardsavesnes
About time. It got a bit confusing knowing which banks were associated with other banks and thereby exceeding the limit. This should reduce the risk slightly.
All I need now is 85 grand.
No, you can have much more now. It's 85 grand for each separate account;-)
Hey I'm not greedy Pine Man ,85 grand will do
Great joy, more protection for the public, but there might be doom and gloom if the banks had their own way over section 75 of the Consumer Credit Act. Watch this space ;o(
I think you are correct regarding joining accounts with the same bank.That is why banks have the advantage (per regulations, terms and conditions) of taking money from one account to pay another, if a customer as a shortfall in one of their accounts.
Now can somone give me £85k to put in the bank please;-)
This is a useful link that shows which banks operates under the same banking license click here
Thanks for that link john 52, like the way it works. BE
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