Santander

Discussion in 'Bulletin Board ARCHIVE' started by Conan Troutman, May 18, 2012.

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  1. Con

    Conan Troutman Well-Known Member

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    If you have a current account with them, is it wise to change it??
     
    Conan Troutman, May 18, 2012
    #1
  2. alf

    alf1887 Active Member

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    Why bother, where is your money safe apart from under your mattress.
     
    alf1887, May 18, 2012
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  3. RichK

    RichK Well-Known Member

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    They can take all my overdraft if they want it.
     
    RichK, May 18, 2012
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  4. Gordon Owen

    Gordon Owen Well-Known Member

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    Gordon Owen, May 18, 2012
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  5. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

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    Maybe if they stopped sponsoring "flash boys" and concentrated on managing their assets better it might be a bit safer.
     
    Gimson&theBarnsleys, May 18, 2012
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  6. RichK

    RichK Well-Known Member

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    We just have a joint current account with them to pay the mortgage and bills out of. We transfer money into it at the start of the month from our separate current accounts (Halifax for me) where salaries are paid into and by the end of the month it is overdrawn, every month. So nothing in there to lose.
     
    RichK, May 18, 2012
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  7. Fly

    FlyingHour Member

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    I think that figure has increased a little.

    However IIRC, it is "per institution" and not "per bank". Several banks are part of the same institution.
     
    FlyingHour, May 18, 2012
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  8. T-Dog

    T-Dog Member

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    Pretty sure the government underwrites anything up to £50k if a bank were to collapse. Or at least they did at time of bank bailouts

    So depends how much you have I suppose
     
    T-Dog, May 18, 2012
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  9. T-Dog

    T-Dog Member

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    Yea thats a good point. Maybe a moot point for most but a good one all the same
     
    T-Dog, May 18, 2012
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  10. Sco

    Scoff Well-Known Member

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    Probably, but nothing to do with the downgrading - Terrible customer service, regularly kick people when they are down (increase interest and charges) and generally very difficult to deal with.
     
    Scoff, May 18, 2012
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  11. Fly

    FlyingHour Member

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    I've found them to be MUCH improved in that respect. Previously, my experiences were much the same as yours.
     
    FlyingHour, May 18, 2012
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  12. Epsom Red

    Epsom Red Member

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    You're covered for £80,000 - if you've got more than that in it, you should consider spreading it around. Other than that, don't worry about it.
     
    Epsom Red, May 18, 2012
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  13. DEETEE

    DEETEE Well-Known Member

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    They like given free money away
     
    DEETEE, May 18, 2012
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  14. fir

    fired Administrator Staff Member Admin

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    Doesn't Santander own Halifax??
     
    fired, May 18, 2012
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  15. RichK

    RichK Well-Known Member

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    No idea tbf. Definitely separate institutions though.
     
    RichK, May 18, 2012
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  16. sal

    salesman Member

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    Santander owned by Spanish bank Banco Santander,Halifax is part of the Lloyds group
     
    salesman, May 18, 2012
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  17. sal

    salesman Member

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    Your covered for up to £85,000 per institution.
     
    salesman, May 18, 2012
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  18. Ses

    Sestren Well-Known Member

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    I don't think so. I think Santander have rebranded most of what they bought, but for a time Alliance and Leicester, Bradford and Bingley and Abbey National were all part of them, and so if you had the full amount of money in each you'd only receive back a third of your cash should the worst happen.
     
    Sestren, May 18, 2012
    #18
  19. DSLRed

    DSLRed Well-Known Member

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    If its a joint account then its £85,000 each.

    And Santander Uk is completely separated from Banco Santander - the press are being very stupid at the moment trying to talk us into a crisis but there is nothing to worry about regarding Santander.
     
    DSLRed, May 18, 2012
    #19
  20. Eaststand Lower

    Eaststand Lower Well-Known Member

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    After my recent experience with them YES!!!!
     
    Eaststand Lower, May 30, 2012
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