Sainsburys and Halifax are they linked?

I'm trying to work out if having a savings account with Sainsburys bank would mean Halifax could take money out of it to offset an account with them. We are entering into a DMP and Halifax is one of the creditors and I just want to ensure any money in Sainsburys is safe.


Thank you
LBM Dec 2013 / £35K Joint Debts - DMP to start March 2014 - Debt free by Dec 2018 or before!

Comments

  • Mort
    Mort Posts: 552 Forumite
    Part of the Furniture 500 Posts Photogenic Combo Breaker
    edited 9 February 2014 at 9:43PM
    Well according to Sainsbury's Bank here the bank is between Sainsbury's and Lloyds Banking group and they say here that the Halifax is part of them. So I think they are.

    When we were on a DMP and one of the creditors was the Halifax our Sainsbury's Bank account was just closed - it was empty so no loss to us.
    Proud to have dealt with my debts, became debt free on 03/11/2011. Repaid £54,723.41 LBM May 2006.
    Debt Free Roll Of Honour #504
    Mortgage Free from October 2019
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