📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

If Iceland chooses not to repay debts - is ING Direct still safe?

Recently myself and my Mum moved a few thousand pounds each into ING accounts.

She has about 25k and I have about 10k.

I know it is guaranteed by the Dutch government, however I also know that ING took over Kaupthing Edge after Iceland collapsed.

Should Iceland choose not to repay their debt to The Dutch and British governments, should we withdraw it?

Comments

  • noh
    noh Posts: 5,814 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No no reason at all to do so.

    Kaupthing Edge deposits were guaranteed by the british FSCS.
    ING took over the accounts.

    Any money owed by Iceland is to the FSCS and the British Government not to ING.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.4K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.4K Work, Benefits & Business
  • 597.9K Mortgages, Homes & Bills
  • 176.6K Life & Family
  • 256.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.