Guest micko Posted March 14, 2008 Share Posted March 14, 2008 Hi Again,:arghh: Does any one know about the financial obligations of the banks/Financial instutions in Oz. Here in the UK i know banks have to pay up to £35k for a single account and £70k for a joint account if the bank goes under. I think that South Australia had a bank that went under many years back and just wondered if our house sale money will be safe and want guarentees there are to how much they have to repay ta michelle Link to comment Share on other sites More sharing options...
Life on easy street Posted March 14, 2008 Share Posted March 14, 2008 You should be ok But then I did not expect northern rock to fail http://www.brisbanetimes.com.au/news/banking/guarantee-no-savings-grace/2007/10/02/1191091073147.html If you are concerned about a particular bank check out this web site http://bankimplode.com/ Link to comment Share on other sites More sharing options...
Life on easy street Posted March 26, 2008 Share Posted March 26, 2008 How safe is it? - Money - Business - Home - theage.com.au Link to comment Share on other sites More sharing options...
Life on easy street Posted October 3, 2008 Share Posted October 3, 2008 . Please be aware that there is not the same protection as the U.K :policeman: Link to comment Share on other sites More sharing options...
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