Discussion
Jetl3on said:
Is it safe to use Santander considering the issues in Spain?
Vaguely safer than crossing the road or taking an airplane somewhere. Yes, as above, don't give them more than £85,000 without thinking about it. Expect their systems to be every bit on a par with RBS/NatWest for some exciting times. But beware that they probably shouldn't really be allowed to put "Customer" and "Service" in the same sentence in anything like a positive intonation - have you seen their queues?
The bottom line is that there isn't a bank - by which I mean a properly set up organisation, with authorisation from the UK Financial Services Authority - which should be any greater risk, in the sense of "will my money still be there?", than any other.
The risk is that, having stuffed your money under their mattress, circumstances might change or the bank might set the rules that play into their favour - not yours. Like dropping existing savers' interest rates in the chase to offer carrots for new money .... et cetera.....
Useful and correct stuff at... http://www.fsa.gov.uk/consumerinformation/compensa...
BliarOut said:
Does that cover apply to business accounts too?
It depends.....http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-about-deposits/#Is_a_business_covered_if_the_bank_or_building_society_it_holds_money_with_fails_ (Link to FSCS website)
For businesses - small businesses (regardless of legal status), associations, et cetera, of turnover below £1,000,000 per annum are "generally" equally entitled to compensation as your average man-on-the-street.
(Of course, like everything FSMA-related (FSA/FSCS) it's never very simple, there's a complicated list of what's not covered rather than a simple answer!)
(Of course, like everything FSMA-related (FSA/FSCS) it's never very simple, there's a complicated list of what's not covered rather than a simple answer!)
Barge, pole, wouldn't, with, a and touch - rearrange into a sentance.
As someone above said their use of the words customer & service should be outlawed. Sadly as with many companies these days they employ people in call centres who know somewhere between nothing and f
kall about the products they are dealing with, and this lot are about the worse.
As someone above said their use of the words customer & service should be outlawed. Sadly as with many companies these days they employ people in call centres who know somewhere between nothing and f
kall about the products they are dealing with, and this lot are about the worse.As others have said, you're covered up to £85K.
However, I wouldn't use them. Not because they're Spanish, but because they really are a piss poor excuse for a fking bank, who don't know their fking arse from their fking elbow. Trust them with my money? That's a fking joke! They're as much fking use as a fking chocolate fking teapot
However, I wouldn't use them. Not because they're Spanish, but because they really are a piss poor excuse for a f
king bank, who don't know their fking arse from their fking elbow. Trust them with my money? That's a fking joke! They're as much fking use as a fking chocolate fking teapotSir Bagalot said:
As others have said, you're covered up to £85K.
However, I wouldn't use them. Not because they're Spanish, but because they really are a piss poor excuse for a fking bank, who don't know their fking arse from their fking elbow. Trust them with my money? That's a fking joke! They're as much fking use as a fking chocolate fking teapot
I think your building their part up a bit, at least with a chocolate teapot you could put the money in it, and as long as things didn't get to hot or you get too peckish the money would still be there!However, I wouldn't use them. Not because they're Spanish, but because they really are a piss poor excuse for a f
king bank, who don't know their fking arse from their fking elbow. Trust them with my money? That's a fking joke! They're as much fking use as a fking chocolate fking teapotI've got a couple of grand to put away until it's due for payment on some furniture that I've just bought, so I thought I'd might as well try and get as much interest as possible on it. The Satander web saver seems to be giving the best rate. Surely I can't have the customer service problems with a web account for a year? Should I go for it?
Good luck. You'll need it.Gogoplata said:
Kudos said:
They recently changed their online security policy and removed the "?" in my password without telling me, so in effect made it less secure
Oh dear, OK thanks guys. I think I might take a look at ING Direct instead then. I use them for business and it's free which helps
Kudos said:
Saying that, I've had no real issues with them mostly because I have simple needs - online banking, a few cheques here Nd there. No borrowing or the like.
I use them for business and it's free which helps
Thanks, it would seem that ING Direct are offering better interest rates now anyway. I use them for business and it's free which helps
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