don't lose out - spread your dosh around

[karaokemark]

quote:Originally posted by stuart

am interested...how can a bank guarantee a full ammount invested if they go bust? as they do sometimes

As Alper says the Bank do not guarantee your money, the goverment do, I am sure if a bank went bust tomorrow, the goverment  would pay out in a couple of days!!!!  
Mark

[stuart]

i was actually intersted in ovaciksaras post with the zirat bank who say they are guaranteeing all her money not just 50k.

[foggiestmeldrum]

Which bank do you work for banker?

[ovaciksarah]

Have just spoken to the manager of Zirat, and she says because main bank of Turkey, they really do guarantee all your money, and have now got it in writing, so a load off my mind, can,t think of anything worse than checking 3 or 4 different banks every month.  The only problem with Zirat is to get internet banking you have to be a Turkish citizen, but my banker just rings me.

[Ovacikpeedoff]

Having worked for a bank I can guarantee you that no bank can give you a guarantee that they will give you all your money back. It is a ludicrous guarantee unless it is 100% guaranteed by the government.Throughout the banking world limited guarantees are given by governments.These guarantees are paid for through a levy that is charged to every bank.

Do you think that everyone would have got every penny back if the government had not bailed out Northern Rock.

If a bank has not got the funds to pay back its depositors then it cannot pay them back and all the guarantees that it gives are not worth the paper they are written on.

[stuart]

thats the way i see it...but am not always right!!

[kevin b]

quote:Originally posted by foggiestmeldrum

Which bank do you work for banker?

As per my earlier post in the thread, Fortis

[banker]

Hi Sarah  

If you have a bank book for Ziraat Bank explanation is at the back middle and SDIF says;in domestic branches deposit accounts of new TL,foreign exchange currency or other accounts linked to precious metals are insured up to an amount of 50.000 TL per person, in each deposit bank.

regards.

[karaokemark]

quote:Originally posted by ovaciksarah

Have just spoken to the manager of Zirat, and she says because main bank of Turkey, they really do guarantee all your money, and have now got it in writing, so a load off my mind, can,t think of anything worse than checking 3 or 4 different banks every month.  The only problem with Zirat is to get internet banking you have to be a Turkish citizen, but my banker just rings me.

Personnaly I would not keep my money in a bank where the Manager does not understand the law, or puts a different slant on it..
Mark

[stuart]

you better pin that managers of yours down sarah!!