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Anyone close their Icesave - money in Limbo

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Paul2624
Paul2624 Posts: 12 Forumite
in Savings & investments
I realize from reading posts that there are alot of worried people on here because their money is in a limbo situation at the moment. From what people are saying those BACS payments will bounce back to their Icesave accounts.

My questions relates to people who closed their account (as I did on Sunday) and their money is now in limbo. I can't access my account so I can't print off any statement or proof that the transfer was done. I am concerned that when the authorities send out the claim form people in my situation will be missed as we will be not classed as current Icesave customers. Even if you do get the form what evidence can I produce that those f*ckers had my money.

Obviously I welcome Darling's statement this morning but I'm worried that I might slip through the net somehow. Are there many other people in this situation, if so what are you proposing to do about it?

Thanks

Paul
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Comments

  • IT_nerd
    IT_nerd Posts: 442 Forumite
    Scary situation. Do you have the account numbers?
    Savings
    £14,200 with £1100 M.I.A. presumed dead.
  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Paul2624 wrote: »

    Obviously I welcome Darling's statement this morning but I'm worried that I might slip through the net somehow. Are there many other people in this situation, if so what are you proposing to do about it?
    l

    I suggest you contact one of the money experts in the National Press asap and ask them the same question. As this is likely to get you further than contacting the regulator yourself.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • Birdie100
    Birdie100 Posts: 81 Forumite
    Part of the Furniture 10 Posts
    Presumably though you will have your bank statement where the money was transferred out to Icesave? And additionally, you should somewhere have a notification at least that the account was opened? I'm sure if you know the account details - and can say when the money was deposited, and then withdrawn, you should be OK. Because unless Icesave can prove they DID pay you (on account closure), then you're in line for the payout from the FSCS. At the end of the day, the Chancellor has now guaranteed we will get our money back - it's just a case of when and how now at this stage. My advice, stay relaxed - they will reimburse your capital one way or other. It may now be more complex since you can't log in, but there will be some way of sorting it out I'm sure.
  • st
    st Posts: 3,461 Forumite
    Paul2624 wrote: »
    I realize from reading posts that there are alot of worried people on here because their money is in a limbo situation at the moment. From what people are saying those BACS payments will bounce back to their Icesave accounts.

    My questions relates to people who closed their account (as I did on Sunday) and their money is now in limbo. I can't access my account so I can't print off any statement or proof that the transfer was done. I am concerned that when the authorities send out the claim form people in my situation will be missed as we will be not classed as current Icesave customers. Even if you do get the form what evidence can I produce that those f*ckers had my money.

    Obviously I welcome Darling's statement this morning but I'm worried that I might slip through the net somehow. Are there many other people in this situation, if so what are you proposing to do about it?

    Thanks

    Paul

    paul in same situation as you also icesave today told me the funds will be paid back into the "closed" account and to check later today-we have to wait
  • texto
    texto Posts: 3 Newbie
    Paul2624 wrote: »
    I realize from reading posts that there are alot of worried people on here because their money is in a limbo situation at the moment. From what people are saying those BACS payments will bounce back to their Icesave accounts.

    Thanks

    Paul


    Lots of people are in the same situation. I infact used CHAPS same day transfer from cash ISA the night(6th) before it went bust (07th). Since I have a small fixed bond and can login - the ISA account says processed and a balance of £0 with £30 deducted as CHAPS payment. No money has arrived in my HSBC though.


    I'm thinking of lodging a complaint to FSA if icesave do not resolve the issue.
  • gimp101
    gimp101 Posts: 9 Forumite
    I'm in that exact situaton also. Just got off the phone to Icesave and they said that my CHAPS payment (7.00am(ish) on the 7th won't go through and that the funds are in a suspend(?) account and should show up re-allocated to my Icesave account by Friday.
  • Patr100
    Patr100 Posts: 2,781 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Me too. BAcs and closed account on Sunday PM after saving and printing statement which stopped at last months interest payment. You're also supposed to be sent any interest owed up to the closure date.
    Just need the account reactivated so we can log in - as said, presumably if the BACs bounces back the money will still be there and the account revived.
  • TisforTesco
    TisforTesco Posts: 25 Forumite
    Part of the Furniture Combo Breaker
    I and Ms.TisforTesco are in the same boat, although I also have an ISA with Icesave, so I can still log in, but my savings account has gone gone gone....

    Edit:
    We both printed coppies of our savings account statements though, so fingers crossed.....
  • st
    st Posts: 3,461 Forumite
    TisforTesco wrote: »
    I and Ms.TisforTesco are in the same boat, although I also have an ISA with Icesave, so I can still log in, but my savings account has gone gone gone....

    Edit:
    We both printed coppies of our savings account statements though, so fingers crossed.....

    me too try not to worry my savings account "gone" and in limboland should be reactivated they tell me .
  • blue_hare
    blue_hare Posts: 8 Forumite
    We are in the same boat having CHAPS our savings out on Monday night.Still no sign of the money anywhere.We have spoken to Icesave several times who say it should turn up either back in our Icesave account or in our nominated account but couldn't say for sure!.
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