Northern Rock

[natalie_1982]

Whether we should or shouldn't panic, how are these people able to withdraw such huge amounts of cash? I have my mortgage with NR, but I bank with Halifax, at my local branch the maximum withdrawal is �200, and you have to advise the bank in advance if you wish to withdrw this amount. One couple were on the news yesterday wishing to withdraw �1million! I think the police ended up being called due to a "fracas" with the branch manager. So, anyway, would NR really have that much cash held on site that it can afford to pay all of the customers as they wish or are some being turned away due to lack of funds in the bank, because if they are I haven't heard them whinging about it on the news about "NR refusing to give them their money" or some such.

[efc]

helpmetoo - I hope that was just your weird sense of humour showing through! I find your comment very offensive.

[buildersmate]

There's no chance of windfalls with NR. They are a bank now owned by their shareholders, not a mutual society owned by their investors/mortgageholders.