Kaupthing Edge CHAPS Transfer

webwalker

My savings are safe, safe from me. That's ING words of comfort. I'm no expert but Kaupthing surely broke the banking code by effectively refusing withdrawls days before they were closed down.

genny

But familar enough with the internet to find this forum, create an account and post?

Come on, people have to learn to help themselves! Surely read first, post if you have a query?!?

We are ALL in the same boat ALL missing a fortune! If nothing arrives by Friday 5pm, then we'll have to try the next level, whatever that will be.

Squibbler

Genny - Have you created a poll? I don't think we've heard you mention that Poll before?

jdcs

Citywire article confirms ING promise to have all transfers done by EOB Friday

http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=317641&re=3959&ea=91021

refusnik

Possibly some good news.

Last week (after BoE unexpectedly dropped interest rate) I have decided to lock some money in KE termed deposit and transferred a small amount from my linked account to KE via BACS. I have received this money into my KE account today.

So some money is moving - never mind it's the opposite direction.

After this week's events I will be pulling it out again - after the outward payments backlog is cleared.

I had my savings accounts overtaken twice - once ASDA online has been forcibly taken back by B&B and just recently B&B was overtaken by Santander. It was virtually seamless - any transfers were smooth and timely. KE takeover by ING on the other hand was a disaster so far. Both in actions and PR.

hhl_2

I've been following this thread for the last week and thank all those for the updates.

I only wonder one thing. Does anyone think there's a chance that the delay in processing returned payments is because ING are setting up a system to not allow people to pay money into the Kaupthing Edge accounts at the 6.55% rate. And therefore rather than have some of us be happy to just put the money back now they'd rather have a new rate in place for deposits made on or after Friday Oct 17th. This way they can honour the 6.55 rate for existing deposits already there but bring a a new lower rate in line with their other accounts for returned cash. This would be a plausible reason for delay. What does anyone else think?

whitesatin

Squibbler wrote: »

Genny - Have you created a poll? I don't think we've heard you mention that Poll before?

Poll? Poll? Nobody mentioned a poll to me! :rotfl:

genny

Squibbler wrote: »

Genny - Have you created a poll? I don't think we've heard you mention that Poll before?

:T I think so... I was asked to repost it occasionally to save it getting missed....

160 odd people have found it useful so far, and it was a better way to record the number of people and amount missing, than a massive list.

I've passed all the details to Panorama at the BBC too.

whitesatin

Only teasing, genny. I haven't actually looked at the poll but I will. Thanks.

whitesatin

whitesatin wrote: »

Only teasing, genny. I haven't actually looked at the poll but I will. Thanks.

Done it and voted. I am one of 23%! Not a fortune but it is my Christmas shopping money. Well, it was, it may well now be spent on me only, as compensation for all this stress. I could nip into London on Friday and spend the lot (after checking my balance of course).