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Kaupthing Edge Chaps/Bacs Transfers NEW discussion
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I am now starting a new society, it's called
The MushroomING Society....
It's for us who are constantly left if the dark, fed b*** s***, and left to push our own way through!
…or you can join my Puffin club:
Poor
Unpaid
Financial
Friends
In
Nomansland
What’s the capital of Iceland?
£4.50
Keep your chin up.0 -
So its looking increasingly likely that there will be no payments again today - Depsite lots of assurances from ING on friday that we would be paid today..0
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I have just spoken to an 'informed' FSA source. He has confirmed that:
1 The FSA is aware of the unpaid CHAPS situation
2 It is working closely with other bodies (including the FSCS and KE) to 'achieve a resolution'
3 They do not have a defined timescale for the resolution of this issue
4 They are aware of the various Forums and are viewing these!
I have advised him that many of us are unhappy with the disinformation/inconsistent messages/poorly managed communications forthcoming from ING - all of which have only served to fuel people's concerns. A point he has acknowledged.
He is now escalating the issue further up the FSA and has committed to call me back later today. He is aware I am posting his responses on this Forum. For the moment, I have agreed not to disclose his name to enable him to get on with doing something to help us.
I will keep you updated.
Just suspicions but I strongly suspect now that the administrators have got their mits on the money (i.e. CHAPS holding account was part of parent KSF head office company that went bust) They will be arguing about whether the money is in trust I guess, and will want to know the legal basis for releasing it. However the FSCS have to compensate us, maybe they are just checking the amounts involved and reconciling to remove duplicate requests? So all the "don't know" responses may at this point be valid.
The FSCS are making immediate payouts and have been given a loan to do this. Someone kindly posted a link to the press release for this earlier. End of the week looks likely if they really did clear the bulk of the backlog last Friday?
Chins up etc.! At least through us lot they are well aware of it, I suspect they didn't start taking this seriously until late Friday/sometime Saturday!0 -
UnhappyHarry wrote: »I go a few times a day too..
Likewise, trying not to worry but no one is telling this to my rearIf you want to be rich, never, ever have kids0 -
Icelandic bank savers await help
By Bob Howard
BBC Radio 4's Money Box
Page last updated at 17:44 GMT, Saturday, 18 October 2008 18:44 UK
http://news.bbc.co.uk/1/hi/programmes/moneybox/7677803.stm0 -
Excellent letter and will use same for myself. It's so reassuring to be able to communicate with others in the same boat. A great deal of advice given in this forum has stopped a fit of panic. Am still really angry.0
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I actually fall under 2 catorgies. I transfered a few hundred pounds on the 8th October via bacs- finanlly got it 18th Oct. I have now transferred the rest- a few thousand- so I am awaiting that to appear...:snow_laug0
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This is simply not acceptable
Just come off the phone all i got was "dont know"
I am going to be claiming compensation in addition once my funds have been transferred.,0
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