MSE News: Post Office savings to get UK protection

Former_MSE_Guy · 20 October 2010 at 11:44AM

This is the discussion thread for the following MSE News Story:

Read the full story:
Post Office savings to get UK protection

luckymannn · 1 November 2010 at 9:04PM

Has this now happened then?

chaotic_j · 1 November 2010 at 9:45PM

I was wondering the same.

Sceptic001 · 1 November 2010 at 10:10PM

Yes - now covered by UK FSCS up to £50k (£100k joint)
http://www.postoffice.co.uk/portal/po/content2?catId=19300232&mediaId=118100780&intcampaignid=PR0334

chaotic_j · 2 November 2010 at 2:35PM

So this has definitely gone ahead then? I can't see an independant source reporting this yet?

I emailed the FSCS last night and they replied but just quoted the BoI link..

Mr_K · 2 November 2010 at 2:42PM

yes it's covered.

http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=231717

[Deleted User] · 2 November 2010 at 2:44PM

I was going to open an account and got as far as the identity documents. One has to be a signed and certified copy and tbh I just cannot be bothered trying to find someone to do that at some cost to me, so my application will slide and I`ll just wait for something else

Mr_K · 2 November 2010 at 2:49PM

It does seem picky. Tried to open a joint account with the Mrs. Accepted me ok, but wanted all sorts of id for the Mrs. Just opened it in my name in the end (probably best anyway

)

luckymannn · 2 November 2010 at 4:03PM

I applied today and it went through well quick and easy!
All I gotta do is post a copy of my signature to them, freepost.

Only mistake I made was that I chose my funds to go in via my 'nominated account', this means it's gonna take 10 days for the money to go in! If I had chosen debit card it would of been loads quicker, so I'm now trying to get hold of Post Office to see if I can change this...

psychic_teabag · 2 November 2010 at 4:06PM

I think you can push money in using BACS - don't need to wait for the DD to go through.

barak · 2 November 2010 at 11:54PM

psychic_teabag wrote: »

I think you can push money in using BACS - don't need to wait for the DD to go through.

Yes, you can - I've done it - but haven't received my online ID yet. May phone tomorrow to get it!

MSE News: Post Office savings to get UK protection

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