Bank deposit protection limits to increase

  john 52 19:45 28 Dec 2010
Locked
  avesnes1 20:13 28 Dec 2010

john 52
Thanks for the info. I was completely unaware of this forthcoming change.

Regards
avesnes

  Pine Man 12:41 29 Dec 2010

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.

  gengiscant 12:50 29 Dec 2010

All I need now is 85 grand.

  Pine Man 13:25 29 Dec 2010

No, you can have much more now. It's 85 grand for each separate account;-)

  gengiscant 14:06 29 Dec 2010

Hey I'm not greedy Pine Man ,85 grand will do

  spuds 15:11 29 Dec 2010

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(

  spuds 16:23 29 Dec 2010

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.

  ukpostcode 16:29 29 Dec 2010

Now can somone give me £85k to put in the bank please;-)

  john 52 17:21 29 Dec 2010

This is a useful link that shows which banks operates under the same banking license

click here

  Bald Eagle 17:39 29 Dec 2010

Thanks for that link john 52, like the way it works.

BE

This thread is now locked and can not be replied to.

Elsewhere on IDG sites

OnePlus 5 review

Alice Saey's mesmerising animation for Dutch singer Mark Lotterman

iPad Pro 10.5in (2017) review

Comment booster votre iPhone ?