IMPORTANT! FSCS Icesave payouts to start in November...

favemuppet

edda wrote: »

Well I learned something from the new announcement:

Icesave customers are asked to note that no one from FSCS will contact them by phone or email to ask for or check their bank account details.
Any Icesave customers who do not receive their first email from FSCS by close of business on Friday should contact FSCS on 0845 7300 131 (Icesave enquiries only).

After all the unsubstantiated speculation on the whole matter (possibly by people who had no more idea than anyone as to what was really happening), I found this helpful.

(E.g. there have been several postings throughout this and other forums that we would be getting an email directly from the FSCS).

And it includes a definite date after which we can do something positive.

I read the bit about the FSCS would not ask for or check the bank account details with Phishing or Spamming in mind. i.e. the email will come from the FSCS but will tell you to go to the Icesave website, rather than clicking on a link or asking you to email them back with your details.

I still think the email will come from the FSCS as this is what it says on its website.

Optimist

On the Today program just now. Icesave customers will receive a mails telling them what is happening from today. Then at some point in the near future another mail will be sent telling you how to access your money but accessing the money is going to be a phased process. No deatail of the criteria that will be used to say how they are going to do the phasing part

KingL

Optimist wrote: »

from today.

And let's remember that "from today" doesn't mean that it will definately happen today. It won't be a surprise if some people still haven't received the first email for a good few days yet.

It's like "prices are discounted by upto 50%" - that doesn't mean that everything is half-price, just one dusty item that nobody wants.

Lisa_J

SarahNeedle1872 wrote: »

Just been watching Working Lunch, and they talked briefly about the subject.... I love the way they keep caling it 'compensation'.... its not compensation, ITS MY BL00DY MONEY!
I'm also getting a little annoyed with the lack of info around the ISA situation...

I so agree with you- What a I being compensated for? If I get my money back does that mean I'm compensating myself...if so that's double my money Whoop! Whoop!

nilrem_2

pumpndump wrote: »

Stop moaning and get a job!

What a really well thought out comment from someone who knows nothing about my circumstances!

ricsherman

I haven't been able to find the answer to this anywhere.
I have my Icesave money in an ISA. when it comes to doing this electronic payment, how can I preserve its ISA status?
My nominated account is my normal current account.
I cannot open a new ISA to add as a new nominated account because I have filled my ISA allowance for the year with Icesave. Or does anyone know of an ISA you can open with £0?
Any help in answering this would be appreciated.

vincit_veritas

I'll certainly be checking my "spam" regularly - the erratic and occasionally over-zealous filter has a nasty habit of trapping valid and important emails, and this is one email I don't want to miss!

Optimist

ricsherman wrote: »

I haven't been able to find the answer to this anywhere.
I have my Icesave money in an ISA. when it comes to doing this electronic payment, how can I preserve its ISA status?
My nominated account is my normal current account.
I cannot open a new ISA to add as a new nominated account because I have filled my ISA allowance for the year with Icesave. Or does anyone know of an ISA you can open with £0?
Any help in answering this would be appreciated.

The process is yet to be announced....

oql61

nilrem wrote: »

What a really well thought out comment from someone who knows nothing about my circumstances!

Yes. I thought that was ridiculously harsh and uncalled-for.
This person has been causing a fair amount of upset on some other threads, as I recall. I think the trick is to brand him/her a troll and just ignore.

Doppleganger

Well its now being reported in the media that it will be next week:

http://news.bbc.co.uk/2/hi/business/7707727.stm

The 230,000 UK savers in the collapsed Icesave internet bank are being sent emails this week telling them how they can get their money back.
The bank closed at the beginning of October when its parent, Iceland's Landsbanki, went bust and was then nationalised.
The process should see Icesave deposits being transferred into customers' alternative bank accounts next week.
The UK government has promised that UK savers will get all their money back.