Bank deposit protection limits to increase

  john 52 19:45 28 Dec 10
Locked
  avesnes1 20:13 28 Dec 10

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

Regards
avesnes

  Pine Man 12:41 29 Dec 10

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 10

All I need now is 85 grand.

  Pine Man 13:25 29 Dec 10

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

  gengiscant 14:06 29 Dec 10

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

  spuds 15:11 29 Dec 10

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 10

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 10

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

  john 52 17:21 29 Dec 10

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

click here

  Bald Eagle 17:39 29 Dec 10

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

BE

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