FSCS Protected ?

Top_Dog

Do you know anymore about this service ? . they say they will refund your savings of up to 75k in 7 days if your Bank . Building Society or Credit Union go bust


Sounds to me there must be more to them than they say they sound to good to be true

diamonds

http://www.fscs.org.uk

grumbler

MSE: Are Your Savings Safe?

DCFC79

Top_Dog wrote: »

Do you know anymore about this service ? . they say they will refund your savings of up to 75k in 7 days if your Bank . Building Society or Credit Union go bust


Sounds to me there must be more to them than they say they sound to good to be true

Its perfectly legit.

Did you not google fscs ?

Ive known about it for a while, maybe over a year.

FOREVER21

Top_Dog wrote: »

Do you know anymore about this service ? . they say they will refund your savings of up to 75k in 7 days if your Bank . Building Society or Credit Union go bust


Sounds to me there must be more to them than they say they sound to good to be true

It really does work. Last June a credit union I had savings with went into liquidation, fortunately they were covered by the FSCS and I received a cheque from them within a week of the credit union folding.

I didn't even have to contact anyone, the cheque covering all my funds arrived in the post.

grumbler

DCFC79 wrote: »

Ive known about it for a while, maybe over a year.

Well done - given that it came to existence in 2001...

jimjames

Top_Dog wrote: »

Sounds to me there must be more to them than they say they sound to good to be true

Which bit sounds too good to be true? You do actually have to have £75k in the account to be refunded £75k back.

agrinnall

DCFC79 wrote: »

Its perfectly legit.

Did you not google fscs ?

Ive known about it for a while, maybe over a year.

I'm quite surprised that somebody who has been as active as you have on the financial boards over the last 8 years was utterly unaware of FSCS for a large chunk of that time.