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AA bank

Anyone know whether the AA bank is independent of the HBOS group or not or are they simply allowing HBOS to use the AA brand as a front?

I see on the site that it says Birmingham Midshires, part of HBOS, does the banking for them. Just wondering whether they lie with regards to the 35K FSA guarantee.
This is not financial nor legal nor property advice. Consult a paid professional if in doubt.

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