Banks going Bust!

[bricro1]

In the event of making a claim for the the first ��35000 how would this be repaid and how long would the wait be?

[dzug]

Don't really understand 'how would this be repaid?' By cheque, probably? Or is that not the question.

As to how long, no-one really knows. It's not going to be instantaneous though. There will be a heck of a lot of admin and it could take months.

[Ethel]

I think it would happen relatively quickly - within 6 weeks.

All the information is there for the administrators to access, the government has the funds available and the procedures in place.

But I don't think we'll ever find out.

[Androcles]

You also need to be aware of who owns who. If you have cash with two different brands, they may be owned by the same parent, so you only get one shot at the �35k.

See http://www.thisismoney.co.uk/bank-owners

[bricro1]

Thank you everyone.
Bricro