krusty Posted October 9, 2008 Share Posted October 9, 2008 As they own Bradford and Bingley ,Abbey and Alliance & Leicester in the UK who pays any guarantees they may have ,Spain or the UK ?(prompted by Poppy). Link to comment Share on other sites More sharing options...
ali-cat Posted October 10, 2008 Share Posted October 10, 2008 And does the UK depositors' guarantee apply to account holders regardless of nationality or residence of the account holder or nationality of the parent bank?Mr Cat Link to comment Share on other sites More sharing options...
oscar Posted October 10, 2008 Share Posted October 10, 2008 When I spoke to Bradfor & Bingley yesterday they told me that Santander are now concentrating solely on deposit accounts and are not doing mortgages any more. Sounds like this will have a huge effect on the UK housing market. Link to comment Share on other sites More sharing options...
Poppy Posted October 10, 2008 Share Posted October 10, 2008 Krusty you could try phoning the Customer Services of The Financial Service Compensation Scheme the number is 020 78927300 Link to comment Share on other sites More sharing options...
Chancer Posted October 10, 2008 Share Posted October 10, 2008 KrustyI believe that it depends on whether they use the passport indemnity scheme, you will find full details and which banks use the Uk guarantee and which ones (passport scheme) use the other countries first.The Chancellor was good enough to rescue my life savings from the frying pan of an icelandic owned UK bank (but crucially one that was guaranteed by the UK FCIS scheme life savings) and lob them into the fire of the Dutch owned ING which is "covered" by the Dutch scheme. Seeing how quick the Icelandic governmen were to renege on their responsibilities (cant pay wont pay) I dont know which if any of the European countries I would feel secure with, at the moment I have no choice as I still cannot withdraw my funds. Link to comment Share on other sites More sharing options...
mint Posted October 10, 2008 Share Posted October 10, 2008 JR, I was checking out something on my ING internet account earlier today. There was a bit about the Dutch government guaranteeing people's deposits up to €100,000. So, if that statement can be trusted (and who knows what to trust these days?), perhaps you'll see some of your money back quite quickly?All best wishes Link to comment Share on other sites More sharing options...
Clair Posted October 10, 2008 Share Posted October 10, 2008 This was a question asked in an article I linked to in another thread:[quote]La question d'un internaute : J'ai un livret d'épargne dans unesociété de droit néerlandais. Mon épargne est-elle couverte par lefonds de garantie des dépôts ? Les filiales des banques étrangères ayant leur siège en France (Fortis,HSBC, par exemple) sont couvertes par le Fonds de garantie des dépôts,mais pas les succursales d'une banque étrangère. Ainsi, les clientsd'une banque néerlandaise, comme ING, seraient indemnisés par le Fondsde garantie des dépôts néerlandais, à hauteur de 38 000 euros pour lesdépôts et 20 000 euros pour les titres. Barclays, quant à elle, estsous législation anglaise. Actuellement protégés à hauteur de 35.000livres, les dépôts de ses clients seront garantis à hauteur de 50.000livres (63.000 euros) dès le mardi 7 octobre. Ce relèvement du montants'applique à chaque client de la banque. Pour les comptes joints, lalimite sera de 100.000 livres. Les épargnants possédant un compte dansune banquesuédoise seront protégés à hauteur de 500.000 couronnes (51.110 euros)par personne, soit un doublement du plafond habituel. Plusieurs autresgouvernements européens se sont engagés à garantir les dépôts d'épargnedes particuliers. L'Etat autrichien garantit les dépôts bancaires etles produits d'épargne (compte, livret) à hauteur de 20.000 euros parclient et par banque. Quant à l'Allemagne, elle a même garanti tous lesdépôts des épargnants de façon illimitée pour éviter une ruée sur lesbanques.[/quote]The limit quoted above was valid at the time the artcile was written and may have changed since. Link to comment Share on other sites More sharing options...
Cat Posted October 10, 2008 Share Posted October 10, 2008 Or, in Google English...The question of a visitor: I have a savings account in a Dutch company. My savings are covered by the deposit guarantee fund? Subsidiaries of foreign banks with headquarters in France (Fortis, HSBC, for example) are covered by the Deposit Guarantee Fund, but not branches of a foreign bank. Thus, customers of a Dutch bank, like ING, would be compensated by the Deposit Guarantee Fund Netherlands, up to 38 000 euros for deposits and 20 000 for the titles. Barclays, meanwhile, is under English law. Currently protected up to 35,000 pounds, deposits of its customers will be guaranteed up to 50,000 pounds (63,000 euros) from Tuesday October 7. This increase applies to the amount each customer of the bank. For joint accounts, the limit is 100,000 pounds. Investors have an account at a bank in Sweden will be protected up to 500,000 kroner (51,110 euros) per person, or a doubling of the usual ceiling. Several other European governments have pledged to guarantee savings deposits of individuals. The Austrian State guarantees bank deposits and savings products (account book) to the tune of 20,000 euros per customer per bank. As for Germany, it has guaranteed all deposits of savers indefinitely to prevent a run on banks. Link to comment Share on other sites More sharing options...
Benjamin Posted October 10, 2008 Share Posted October 10, 2008 Here is the latest news on payouts from Kapthung Edge lifted from the Citywire web page.http://www.citywire.co.uk/personal/-/news/money-property-and-tax/content.aspx?ID=317137&re=3931&ea=161021Sorry, you'll have to cut and paste.Now, does anyone know how to rebuid a pension pot? [:D] Answers on a postcard please. [:D] Link to comment Share on other sites More sharing options...
Wendy Posted October 11, 2008 Share Posted October 11, 2008 I'd say the Spanish Govt would have to provide the guarantee. Having said that, why not move your money to a National Savings Account for the simple reason that it is part of the UK Treasury - they print the money and cannot go bust!That's what I did. Link to comment Share on other sites More sharing options...
Poppy Posted October 12, 2008 Share Posted October 12, 2008 Krusty I do hope you got answers for your questions from the Customer Services. I am back in the UK got a factory job starting six tomorrow morning. Unbelievable situation but it just shows how quickly it can happen and things change. Best to have all your i's dotted etc.Trying to get my head around working in a factory to pay the tax, CRDS & CSG due on the savings next month to the French Government. Guess no help from them. Link to comment Share on other sites More sharing options...
Clair Posted October 12, 2008 Share Posted October 12, 2008 [quote user="PoorerPop"]I am back in the UK got a factory job starting six tomorrow morning. Unbelievable situation but it just shows how quickly it can happen and things change. Best to have all your i's dotted etc.[/quote]Poppy, good luck with the job and I hope you all get better news during the course of the week. Link to comment Share on other sites More sharing options...
krusty Posted October 12, 2008 Author Share Posted October 12, 2008 Hi Poppy ....wow you move fast .....good luck for the future.Re B&B the money is gaurenteed by the UK , but just in case I am moving some to a Livret A. Link to comment Share on other sites More sharing options...
suein56 Posted October 12, 2008 Share Posted October 12, 2008 [quote user="krusty"] Re B&B the money is gaurenteed by the UK , but just in case I am moving some to a Livret A. [/quote]Is this B&B money of yours in the UK? I ask only because we had funds (for our house purchase in France - which did not happen) with B&B UK but were told to close the account when we moved to France and open one with B&B Int IOM - which we did.Edit: we both have a Livret A here - definitely to be advised.Sue Link to comment Share on other sites More sharing options...
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