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Icesave have stopped processing deposits and withdrawals
Comments
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Don't listen to this man (or woman) - he just loves putting the willies up other people. Have a look at his previous posts.I am really scared as every penny we have is in this bank. We are OAPs and we are terrified.
And if he really is an OAP, he must have the oldest grandfather in the world, as he recently said:I was talking to my grandfather and he said that after the crash of 1929, house prices fell for thirty years."The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0 -
I am really scared as every penny we have is in this bank. We are OAPs and we are terrified.
Try not to panic and worry until you know whats happening for sure. I don't think the governments will want the bank to go under so will no doubt try and save the depositors. It might be that another bank buys it on the cheap. But all governments around the world wont want panic in savers deposits as the credit market is tight as it is, so it's likely someone will have to step in.0 -
This.Let's all just hope that they can use this time to sort things out.
Come on guys, be a little more optimistic here.
I feel for those that have over £50k as this is a very worrying time, but for the rest of us? Come on, Icesave have been awesome so let's try and get behind them.0 -
Cripes !!
I just logged into my Icesave account to withdraw some money to pay my tax bill.....now what am I supposed to do !! don't suppose the taxman will take an IOU
very worried as he doesn't take prisoners :eek:0 -
REYKJAVIK, Oct 7 (Reuters) - Iceland has dismissed the board of directors of Landsbanki and has put the Icelandic bank in receivership, a minister told state radio on Tuesday. Commerce and banking minister Bjorgvin Sigurdsson said the move was made in cooperation with Landsbanki and the bank would be open and run as normal while the changes were taking place. Sigurdsson said Iceland’s Financial Supervisory Authority had put its own people in place of the bank’s board. Late Monday, Iceland adopted sweeping powers over its battered banks as its financial system tottered and its currency plunged."The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0 -
The latest news on the Iceland front is that the Government is seeking to take immediate control of all of the Icelandic banks which includes nationalisation of Landsbanki and Glitner and force the other banks to take state loans. UK customers of the Icelandic subsidiary bank, Icesave found that they were unable to withdraw funds during the day which I warned as strong possibility in my earlier article. However the funds are protected both by Iceland's own guarantees and the UK FSCS picking up the balance, therefore any account freezures 'should' be temporary, and neither will savers be hit by the collapse of the Krona as savings tend to be in sterling or euro's. However savers should at the first opportunity seek to repatriate their savings to a 100% UK bank as the consequences of a country going bankrupt could render guarantees meaningless.
http://marketoracle.co.uk/Article6662.html0 -
I withdrew my savings 10500 by chaps and also isa 1500 by normal jsut before 08.00 this morning before the notice appeared -looking at my accounts now -savings is closed and the isa down to 30p -hopefully will be withdrawn.0
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Does anyone have an update>?0
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I withdrew my savings 10500 by chaps and also isa 1500 by normal jsut before 08.00 this morning before the notice appeared -looking at my accounts now -savings is closed and the isa down to 30p -hopefully will be withdrawn.
Similar position to you but I did mine last night. Fingers crossed.0
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