Kaupthing Edge Chaps/Bacs Transfers NEW discussion

kasbridge

timkevan wrote: »

Someone mentioned a deadline for claiming money from the FSCS or the Dutch authorities. In the hopefully unlikely event that we don't get our money on Friday is this taking us past any of these deadlines and if not, when are they? Should we all be making applications now just in case? I'm not asking this to cause any extra worries but simply being realistic and realising we might need fall back positions.

As always, thank you so much to all the people who have stayed with this forum even after receiving their money.

Timkevan,
Remember that the KE bail out is using UK govt money. Therefore the "missing" monies are an issue for the UK govt, not the Dutch comp scheme and probably not even the UK FSCS as I dont believe this scheme was invoked for this rescue. - I believe it was a UK govt bail out not a bank funded one.

Now, if you are talking about losing your current balance on your KE account, or not being able to access those monies then you are into the Dutch scheme.

Hope this helps,
K.

Ippylady

kasbridge wrote: »

All,
Just a quick post to say that I (and many of the others who got paid yesterday) are still here and will continue to watch this thread until you all get paid out.

FWIW on my personal travels on this thread I have spoken to the KE call centre (countless times), the ING call centre (countless times), Senior Mgrs at KE (pre-collapse), KE's clearing bank (RBS), the adminstrators at KE, APACS, the Treasury, the FSCS, the FSA and the BBC.

My phone bill is going to be £££ but I felt I was making a difference, and that's the great thing about MSE, together we can and did make a difference.

Keep your chins up, the money is coming. looking fwd to a virtual celebration on Friday.
Regards,
K.

Perhaps we could start a new thread when all this is over....
WHO HAS THE HIGHEST PHONE BILL FROM CALLS TO KE/ING!:rotfl:

Chilledout50

Hi all - just to confirm - still no money.

I have spoken to KE rep. Initially she told me it was because all CHAPS were manual payments an therefore in 5%, when i told her that I knew a lot of CHAPS payments were made yesterday. She then changed tact and said it must be the date your CHAPS was made, I then told her I was aware that CHAPS payments before and after my date were made yesterday. She then said that it must be the recieving bank, to which I replied, I know payments were also made to the same recieving bank yesterday.

After we got through the entire chain of invalid reasons What she finally told me they are waiting the next release of funds from the administrators of KSF which are confirmed for Thursday. Apparently this is why they were not all paid yesterday.

Why not be honest in the first place!!!!!!!!!!!!!!!!!

Dancingbear_2

bigg wrote: »

I can’t ever see them using the word ‘will’. If one person was left unpaid and ING had said ‘will’, they could be sued.

Thanks, bigg, but ING Direct should not leave someone unpaid. If it (or any other bank) does, it should expect to be sued.

hometune

Im routing for you all yet to be reunited with your money hope ING keep their promises and deliver on Thursday/Friday! Will keep popping back to check on progress!

People power

McCleod

pennineman wrote: »

Thanks Martin. Just one point: ING still have not given a fixed date. They just say "we would expect these to start arriving in the destination bank account on Friday 24 October."

"Expect" is not the same as "will".

I have to agree. I want no I NEED a definate date when my payment will go through not a wishy washy muff of an answer. Remember this an International Bank not my mother - who incidently could give me as much information if she was sitting in front of a computer as KE have managed to give me.

KE and ING are a waste of space.

bigg

zaphod_beeblebrox wrote: »

ING, turn your radio on, 'Push the button' is playing right now on magic fm

Just missed it. What was it?

Thought you’d be more of a Kerrang man?:j

bigg

Dancingbear wrote: »

Thanks, bigg, but ING Direct should not leave someone unpaid. If it (or any other bank) does, it should expect to be sued.

Absolutely but we are in uncharted territory.

rhinestonemaiden

It's all looking better now what with the INGspokesperson contributing to the thread and Martin's poll and Martin posting too. What I found interesting about the INGspokeperson's message was when he said that the KE Administrators used the word "release" regarding the money to be paid to ING for KE account holders on Thursday. This I think shows that ING have been having to wait for a weekly payout from the Administrators, who match up the money they pay to ING with the records ING produces proving it has paid us before they release any more money to ING. So it's the accounting exercise by Ernst & Young, the KE Administrators which is holding things up. Note it's nearly always a Friday pay out, like an old fashioned factory pay day. ING are trying to show a united front with the KE Adminstrators but I suspect there have been a few rows behind the scenes because of the slowness of the payout by the Administrators.

I was paid yesterday (did post this yesterday afternoon) and it was a large sum, £34,000. I noticed others were getting large sums at the same time. Interesting that those with large withdrawals have had to wait the longest. This suggests a temporary shortage of funds from somewhere, not so much ING as KE/FSCS.

The 7 billion quid ING got from the Dutch Central Bank should reassure all. ING was offered double that but took much less, probably because it knew it could manage with that and did not want the Dutch Government to get an even larger stake in ING than it already has.

Ippylady

Thanks Rhinestonemaiden.
That sounds the best theory I have heard yet.