We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Bank Account Limits

2»

Comments

  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Shakin_Steve wrote: »
    Its £85,000 or £170,000 for a joint account. A temporary limit of £1,000,000 for up to six months after a house sale, etc.

    I knew of the 85k li it, was trying to help the OP but as I was just going out I couldn't do anymore.
  • masonic
    masonic Posts: 29,056 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Personally I would feel more comfortable keeping a large sum of money in a savings account where it could not be transferred directly to a bank account owned by a fraudster. Using a Marcus account for example, it would be necessary for someone to compromise two online banking systems (or convince you to do it for them) in order to spirit the money away.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Kat1e wrote: »
    ...and I do agree to spread it around different banks.


    Well you're not agreeing with me because I've specifically said, in the post that you quote, that you don't need to do it.
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
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.
Update Your Picture