Query about the Safety of Santander

[gilliflower]

Because of the latest financial crisis in Spain, how safe is any money invested in Santander UK?

[factor-fiction]

You have the same protection as any other bank. Unless you have £50,000 (or is it going to become £70000 soon?) then all your money is protected.
But there is no way anyone would allow a collapse which would leave people out of pocket.
In reality if Santander were to collapse then the whole financial system would have collapsed too and society would break down

[gilliflower]

Thank you factor30. That's helpful, and a relief. I woke up this morning worrying.

[derekpara]

Welcome to Answerbank, GF.

If you hadn't woken up this morning I would have worried, too. !!

D

[gilliflower]

only just noticed you there derekpara. Thank you for that. I would have worried if I hadn't woken up too.

[derekpara]

GF......................How ? :O)

[McMouse]

gf......you've now worried me. I'm off to Santander to transfer my overdraft to somewhere safe.

[gilliflower]

Sorry to worry you McMouse. Clearly your overdraft is safe in Santander.

[mccfluff]

thank god for that my overdraft must be safe too :-)