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Bank Account Protection
teapot2000
Posts: 2 Newbie
Because the forum is not letting me edit a previous post or reply to a message, I have reposted again with the correct term I meant to use which is BAIL IN. - instead of buy in.
I understand our money in UK banks is protected up to 85K in general, but how do we protect ourselves against a Bank of England 'Bail In' should they wish to take a percentage of our money in a so called crisis? The deeper we get strapped into the seat of digital currency and away from cash, the more digital protection we need.
I understand our money in UK banks is protected up to 85K in general, but how do we protect ourselves against a Bank of England 'Bail In' should they wish to take a percentage of our money in a so called crisis? The deeper we get strapped into the seat of digital currency and away from cash, the more digital protection we need.
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Original thread here: https://forums.moneysavingexpert.com/discussion/6392243/bank-account-protection0
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You should click on the white wheel/cog icon at the top right of your post, then click edit.teapot2000 said:Because the forum is not letting me edit a previous post or reply to a message, I have reposted again with the correct term I meant to use which is BAIL IN. - instead of buy in.
I understand our money in UK banks is protected up to 85K in general, but how do we protect ourselves against a Bank of England 'Bail In' should they wish to take a percentage of our money in a so called crisis? The deeper we get strapped into the seat of digital currency and away from cash, the more digital protection we need.0
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