Kaupthing Edge CHAPS Transfer

teecee90

Who is going to pay my over-draft charges caused by the delay in getting the money back into my current account?

Rhetorical question....but you get my point.

Thinker

Personally, I am fine with everything now, PROVIDED ING DONT GO BUST. This isnt assured, you presumably saw the markets today and the DOW hasnt opened yet. How can these loses be sustained?

northern5

Thinker wrote: »

Dare I say, charity starts at home northern5. It certianly did for Iceland

true ... I wonder how things are in Iceland? It wasn't the Icelandics fault that their banks grew like this and its not their fault their govenment has done what its done. But if their country has gone bust, surely that is going to affect all of them in a really bad way?

Charles1968

echelon101 wrote: »

Is the best course of action to sit tight if I still have money with KE as nothing will happen due to their backlog?

that's what I'd recommend. Wait for the dust to settle before you try withdrawing.

Thinker

Yes northern5. And I certainly feel for them. But, I repeat my earlier statement in these mad times. I just heard about a Childrens hospice here that could its 6 million based in iceland - fund raised money

oql61

aceswest wrote: »

I telephoned ING yestarday evening to ask them where my missing money was and was told about the backlog etc. The very efficient lady took may details, transaction details etc and my telephone number and she told me that some one would phone me asap.
An hour a go someone from customer services telephoned me to say my withdrawl to my lin ked account will be honoured asap and my money was safe. But they are giving priority to chaps withdrawls regardless of what date they were actioned so my withdrawl of the 6th will just have to wait its turn sometime late next week so approx 10 days from here on in before i see it.

This is precisely my worry. I also used BACS, last friday. Presumably they are going to have to return all the CHAPS transfer fees since they did not complete within the specified timeframe, so, technically, there should be no difference between BACS and CHAPS in this instance.

I have a sneaking suspicion that I'm going to be first in, last out on this one!:mad:

codger

trevs707 wrote: »

Like everyone else I did a BACS transfer last Sunday and still nothing. I think that the only thing left is to let ING know that it they don't pull their finger out and get the transfers moving we will attract as much media attention to this as possible with a view that it will damage their reputation with potential new customers.

Words fail. :mad:

Can you not even comprehend the simple fact that had ING not entered into the H.M. Treasury brokered deal to take on KE UK savings deposits, there'd be a damn sight bigger mess?

Who d'you think is ultimately going to fund all those IceSave customers who took a punt on a bank with a dodgy compensation scheme yet are now -- regardless of their recklessness -- to be compensated 100% for every penny?

It's not the FSCS alone that will carry IceSave customers. It's the UK itself -- i.e., the UK taxpayer.

If ING hadn't taken the FE accounts under its wing -- and out from FSCS protection (max £50,000) to Dutch protection (max £76,000) -- then KE's failure might well have lumbered the UK taxpayer with yet MORE to find in compensation: after all, if IceSavers (who in my opinion certainly don't deserve it) are to get 100% compensation, then KE savers certainly merit the same treatment.

You should be grateful that your money is with a well-founded global bank. Not coming on here foaming at the mouth because you're not being treated the way you think.

Lots of posters on here repeatedly advise patience and understanding. They're not doing it because they're gullible fools but because they know that the alternative will achieve. . . absolutely nothing at all.

jean28mo

Sorry I haven't read the last few pages so perhaps others have already posted similar but thought I would tell you that the £2k BACS transfer I did on Monday (6th) has arrived in my linked account (at least I assume that's what it is, the description is TRANSFER FROM OUTWARD PAYMENTS LEVEL 5,. REF: FULHAM3 696 0000840)
The £12.5k CHAPS from Wed. not arrived yet but at least I can now be sure that it will
Phew!!

peaksoft

YESSSSS! £35,000 turned up in my First Direct account a few minutes ago.

I initiated a BACS transfer on Sunday.

Just need to get £13,000 back from Icesave now!

kingboyk

Good news!

Withdrew from KE on the weekend by BACS (because I needed the money). No sign of my money in linked account or KE since then.

Just checked my linked account and I have:
10 Oct 2008 CHAPS/International £502.80

So, not only has the money arrived but they sent it by CHAPS

Honestly wouldn't have minded waited if they'd been upfront but the lack of info was very worrying. My brother has a KE account which we emptied out on Monday, will find out later if that money has arrived too. That was also not showing in KE or his linked a/c.