Kaupthing Edge CHAPS Transfer

webwalker

Thank you for your email requesting information regarding a withdrawal.

All your savings are safe and are now with ING Direct, the world's leading direct savings bank and part of the ING Group, which is one of the world's largest banks with assets in excess of £1 trillion and 85 million customers.

Our priority is to restore normal service to you as soon as possible and to keep you informed with regular updates which you can find via www.kaupthingedge.co.uk

ontherun_2

miserable_ol_so_n_so wrote: »

I have applied, wait and see. I did not encounter anything which suggested it was only for people residing outside the uk. but we shall see.

You could be right, I got my freind sitting next to me to call & he was told it was ok for UK residents - He was olso told that it would tak 15 days on receipt of documentation to open the account which would miss the 24th deadline. However, they guaranteed him 8%

I called a different number to that on the link you sent my friend as I have a Halifax account & got told I could'nt open the international one........I will be taking this up with the bank!

Appologies for the conflicting info & confusion & many thanks for your useful post ;-)

OTR

web_ferret

Our Friday Payday is on the BBC website



http://news.bbc.co.uk/1/hi/business/7671221.stm

Payment delays 'over by Friday'


Kaupthing Edge was the UK arm of Kaupthing

A backlog of payments causing concern for former customers of Kaupthing Edge in the UK should be cleared by Friday.
The accounts of savers with Kaupthing Edge, part of Iceland's biggest bank - that was nationalised last week, have been transferred to ING Direct.
ING said that it was honouring all payments made during the upheaval and no interest would be lost by customers.
It said it could now give a "firm assurance" that delayed payments would arrive by the end of Friday.
"It has taken us longer to resolve the issues at Kaupthing Edge than we expected due to the significant disruption caused when the business was taken into administration," a statement for ING Direct said.
"Understandably, customers have been asking for clarification on when this issue was going to be resolved, but this is the first time we have been in the position to give firm assurances."
Handover
ING Direct agreed to take over the £2.5bn of deposits of 160,000 UK customers of Kaupthing Edge on 8 October.
But during the handover, customers complained of delays in the completion of transactions and some feared their money had been lost.
Meanwhile, around 3,000 UK customers who did not have internet accounts with the Kaupthing are having to claim compensation for lost savings from the Financial Services Compensation Scheme.
Application forms are being sent to them this week.
Another Icelandic bank - Landsbanki - closed on 7 October. This had 300,000 customers in the UK who had accounts with the Icesave brand.
These customers have been unable to make withdrawals or deposits since, and will also have to claim compensation for lost savings.
A spokesman for the FSCS said dialogue between the UK and Icelandic authorities was ongoing and it hoped more information would be available to savers by the end of the week.

djrobe

web_ferret wrote: »

Our Friday Payday is on the BBC website



http://news.bbc.co.uk/1/hi/business/7671221.stm

Payment delays 'over by Friday'


Kaupthing Edge was the UK arm of Kaupthing

A backlog of payments causing concern for former customers of Kaupthing Edge in the UK should be cleared by Friday.
The accounts of savers with Kaupthing Edge, part of Iceland's biggest bank - that was nationalised last week, have been transferred to ING Direct.
ING said that it was honouring all payments made during the upheaval and no interest would be lost by customers.
It said it could now give a "firm assurance" that delayed payments would arrive by the end of Friday.
"It has taken us longer to resolve the issues at Kaupthing Edge than we expected due to the significant disruption caused when the business was taken into administration," a statement for ING Direct said.
"Understandably, customers have been asking for clarification on when this issue was going to be resolved, but this is the first time we have been in the position to give firm assurances."
Handover
ING Direct agreed to take over the £2.5bn of deposits of 160,000 UK customers of Kaupthing Edge on 8 October.
But during the handover, customers complained of delays in the completion of transactions and some feared their money had been lost.
Meanwhile, around 3,000 UK customers who did not have internet accounts with the Kaupthing are having to claim compensation for lost savings from the Financial Services Compensation Scheme.
Application forms are being sent to them this week.
Another Icelandic bank - Landsbanki - closed on 7 October. This had 300,000 customers in the UK who had accounts with the Icesave brand.
These customers have been unable to make withdrawals or deposits since, and will also have to claim compensation for lost savings.
A spokesman for the FSCS said dialogue between the UK and Icelandic authorities was ongoing and it hoped more information would be available to savers by the end of the week.

Thanks for this. This gives me much more confidence. If they have said this on the ING website and it is now on BBC news they must deliver! Think a lot of credit should go to everyone posting on this website!

Squibbler

djrobe wrote: »

Thanks for this. This gives me much more confidence. If they have said this on the ING website and it is now on BBC news they must deliver! Think a lot of credit should go to everyone posting on this website!

I'd settle for some financial credit in my bank account from ING!;)

refusnik

miserable_ol_so_n_so wrote: »

You might be right......but I dont think UK govt, will allow HBOS to go bankrupt.. I will only be putting in 2000 per month for 12 months. We have to make some judgement on where this thing is leading, and if there is gonna be a financial armagheddon, what's under the mattress will not buy a potato. Think back to the German hyperinflation days. You went to buy food filled with a barow load of money, and came out clutching a bag of potatoes only. I dont think our government, or any other in the west would get us to such a state.

You could be in for a shock. There is 2 trillion pounds of [electronic] money in the UK and only 50 billion of it is in cash (notes/coins.) If everyone collects £1000 from a bank there won't be anything left. It could be a good idea to literally keep a few grands under mattress.

Dancingbear_2

So far, no-one has tried to phish their way into my KE account ('Dere value cutsomer - You hive recaived 1 new massage wating in yor inbux foulder' etc). When my money has arrived safely, I might even let them in, for a laugh (if they succeed, they'll only make 32 pence out of it!).

chairman_miaow

fudgie1980 wrote: »

Okay, so much for my self-imposed ban on checking this slightly addictive thread - but it's lunchtime at work so I figure that the risk of being sacked for checking the thread AGAIN is minimal.

......

See you Friday, then.

You'll be back before then...you won't be able to resist !

Spicey

I didnt get the second e-mail, hope that doesnt mean anything!

goodethernet

refusnik wrote: »

You could be in for a shock. There is 2 trillion pounds of [electronic] money in the UK and only 50 billion of it is in cash (notes/coins.) .

So what? The economy can funtion PERFECTLY well with huge volumes of electronic money in circulation and a small fraction of that in cash. There doesn't have to be a paper fiver to cover every five pounds of "money" in the economy.