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Clydesdale Bank £100,000 compensation
project500
Posts: 61 Forumite
I Have just seen a post on a web site saying If you bank with The Clydesdale Bank (and presumably Yorkshire Bank) owned by National Australian Bank you would receive £100,000 compensation.
Can anyone clarify this statement as accurate as I have struggled to substantiate it?
If true its a good guarantee but presumably its from the Australian government.
Any further direction on this would be helpful.
Can anyone clarify this statement as accurate as I have struggled to substantiate it?
If true its a good guarantee but presumably its from the Australian government.
Any further direction on this would be helpful.
0
Comments
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Below is taken from their website,
Quote Clydesdale
Financial Services Compensation Scheme
The Bank is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
If you make a valid claim against the Bank in respect of any credit balances, insurance, mortgages, investment held with us or which we arrange for you and we are unable to meet our liabilities in full, you may be entitled to compensation from the Financial Services compensation Scheme (FSCS). This depends on the type of business and the circumstances of the claim.
Further information about compensation scheme arrangements is available from the FSCS at www.FSCS.org.ukor Financial Services Compensation Scheme, 7th Floor, Lloyds Chambers, Portsoken Street , London E1 8BN
Whats the name of the poster you saw ImanumptyLiquidity is when you look at your investment portfolio and **** your pants0 -
From next Tuesday, 7th October, a joint account would be covered for a total of £100K (£50K each). Maybe there's been some misinterpretation?0
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