Letter from Barclays

gr8stuff

Hi guys,

I recently received my statement from barclays and on the front page, there was this letter which basically stated that if Barclays bank was unable to meet its obligation, my money (I have a saving a/c in addition to my current a/c with them) is covered by the FSCS and I can claim back my money from them....etc

Should I be concerned? Does that mean Barclays might be going bust soon??:eek:

I recall barclays was the only institution that actually warned its customers of the credit crunch a couple of years ago, so I'm just wondering if this is another advice for its customers...:think:

Olipro

the short answer is no.

gr8stuff

Thanks for the reassurance, Olipro...

zppp

The banks are being told by the FSA to regularly inform customers of the FSCS - so it will appear on everyone's correspondence from time to time.

gt94sss2

gr8stuff wrote: »

I recently received my statement from barclays and on the front page, there was this letter which basically stated that if Barclays bank was unable to meet its obligation, my money (I have a saving a/c in addition to my current a/c with them) is covered by the FSCS and I can claim back my money from them....etc

Should I be concerned?

No, its something all UK banks have to remind you of occasionally.

I recall barclays was the only institution that actually warned its customers of the credit crunch a couple of years ago

I thought it was HSBC which was the first to warn..

Regards
Sunil

preable

Nope all banks do it from time to time.