Icesave and the BACS system......question

[Deleted User]

another parasite

Meadows

Icesave

Just to let people know, I transfered three accounts on Monday night, one account via Chaps (account remained open), two via Bacs (account were closed), I received the Chaps payment back in my account last night, including Chaps fee, and tonight I have had the Bacs payments returned and the closed accounts reinstated.

Everytime there has been a change to my account, I have had to re-set my password as it has not let me in, but the re-set is easy to do, they give you a 5 letter password & email you a 5 letter password, then you go in & set a new password and you have access to your account.

Meadows

http://www.guardian.co.uk/business/2008/oct/10/banking-creditcrunch

Britain went on the offensive. "What happened in Iceland is completely unacceptable," said Brown. "I've spoken to the Icelandic prime minister, I have told him this is effectively an illegal action that they have taken. We are freezing the assets of Icelandic companies in the UK where we can. We will take further action against the Icelandic authorities where necessary to recover the money.
"The responsibility for this lies fairly and squarely with the Icelandic authorities, and they cannot simply default. The Icelandic authorities are responsible for this, and we are demanding the money is paid back to the local authorities, and we are prepared to consider all forms of action, including, as we did, attempting to freeze assets."
It also emerged yesterday that the 300,000 UK personal savers who had accounts with Icesave would be lucky to get their money back by Christmas.

Well, it looks as though as though we won’t see our money back for sometime, and while I don’t need my money right now (it’s meant for when we retire), and will just be very glad to get it back, I sympathize with any savers that need their funds within the next few weeks.