Latest Info From Icesave Telephone Call

[Deleted User]

I closed (Or at least I thought I had!) my ISA with icesave last night, and used CHAPS.

JUST a few mins ago I was on the phone to ICESAVE, and told that ALL CHAPS withdrawals due to happen today, will NOT go through, and they will "bounce back" (Their words) soon....

My ISA a/c appears to have vanished when I log in, and obviously the balance is not showing on the screen either. However, I was told that the ISA A/C and balance WILL reappear soon, as though I never closed the account. It will be as though it never happened.

I was also told that INTEREST will still be applied until further notice.

I had NO plans whatsoever to close my a/c, UNTIL I read the icelandic PM's address to the nation last night.

I have calmed down since, and in a way, I'm pleased that I do at least still have an ISA! Let's just hope that somehow, that icesave can stay operational.

What a day...

Zedkay

Thanks for posting Goldfinger. I set up a CHAPS withdrawal first thing this morning which looked as though it would go through, but with everything that's happened since, I couldn't be sure. I did though do a printout of the account statement so if it does disappear (!) I have the details. As you say, what a day.

icesaver_2

Maybe I'm being naive...but isn't it illegal to prevent someone from withdrawing money from an instant access savings account?

Andrew64

This seems to be the reason why:

UK savings frozen after Landsbanki goes bust


http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4897712.ece?CMP=KNC-LBN&HBX_OU=50&HBX_PK=landsbanki