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Will Santander be OK if Spain asks for a bailout??
Mervyn_King
Posts: 21 Forumite
Just wondered if the British arm of Santander (and my ISA!) will be OK if Spain asks for a bailout?
0
Comments
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The UK arm of Santander is ring-fenced off from the Spanish arm, so they can't ask for money from the UK subsidiary and we can't ask them.
(So yes, your ISA would be safe ;-)0 -
It is indeed safe - As long as you don't want to withdraw less than £30 for the counter OK
David
£1 of debt is too much for me!0 -
Yes it is protected under UK banking laws aslong as you have £85,000 or less in Santander you will get it back 0
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