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ING Direct uk,to acquire KE Deposits

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sparky666
sparky666 Posts: 39 Forumite
in Savings & investments
What is this going to mean.???
«134567

Comments

  • Domipheus
    Domipheus Posts: 10 Forumite
    I dunno, but the BBC jsut confirmed it. ING Direct aquires all kaupthing-edge british accounts.
  • webdigga
    webdigga Posts: 57 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    sparky666 wrote: »
    What is this going to mean.???

    As far as I know ING are covered by the passport scheme aren't they??
  • alm721
    alm721 Posts: 728 Forumite
    Part of the Furniture Combo Breaker
    dont know I've just seen this on sky news as a breaking news at the bottom of the screen but nothings been said yet, no idea what it means but the transfers I tried to action from Kaupthing last night have not gone through and I cant get them on the phone.
  • Leon_W
    Leon_W Posts: 1,813 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Business as normal I would have thought but I'd feel happier with ING.

    This also applies to Heritable Bank depositors.
  • martinman3
    martinman3 Posts: 727 Forumite
    I believe that they are also taking the assets of Heritable Bank, probably before the Icelandic government grabs them all.;)
  • cwcw
    cwcw Posts: 928 Forumite
    2 things:

    1) Does that mean KE customers will go from 100% FSCS compensation up to the £50k, to the ING passport scheme compensation?

    2) Why oh why couldn't they have bought Icesave too????
  • alm721
    alm721 Posts: 728 Forumite
    Part of the Furniture Combo Breaker
    1) Does that mean KE customers will go from 100% FSCS compensation up to the £50k, to the ING passport scheme compensation?

    I sincerley hope not especially given icelands priblems.
  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    If this happens, I'll be breaking my term deposit.
    No £50,000 guarantee by UK government - no savings of mine.
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
  • itsnever2lateisit?
    itsnever2lateisit? Posts: 863 Forumite
    sparky666 wrote: »
    What is this going to mean.???
    I guess exactly the same senario as Santander aquiring Bradford and Bingley depositors
    [strike]Debt @ LBM 04/07 £14,804[/strike]01/08 [strike]£10,472[/strike]now debt free:j

    Target: Stay debt free
  • WilliamT
    WilliamT Posts: 14 Forumite
    For the uninitiated, how does this actually work? Who pays what to who for Ing Direct to take control?
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