Guest Kinney Posted October 1, 2008 Share Posted October 1, 2008 Who would have thought we would need to ask this question but in the current climate it is probably extremely relevant. If we send money over to Oz via HiFx or whoever, then it presumambly lands in an Aussie bank account eg Westpac / Commonwealth etc. Does nyone know the rules on what is protected in terms of those funds on deposit in Aus banks eg how much, and does it matter if we haven't yet activated the account as we haven't arrived there yet. In the UK at the moment the first £35,000 of funds per depositor, per banking group (eg RBS and Natwest probably part of same group as per FSA) are guaranteed - the rest isn't. So, if say I send over £20,000 to Aus then is it as safe as it I had left it here in the UK. We live in interesting times.............. Link to comment Share on other sites More sharing options...
Life on easy street Posted October 5, 2008 Share Posted October 5, 2008 It surprised me when I read it that there are no guarantees for deposits in Australia. http://www.pomsinoz.com/forum/money-finance/31505-our-money-safe-35k-safety-net-uk.html Link to comment Share on other sites More sharing options...
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