On 5 July 2012 01:50, Mervyn Lobo <[email protected]> wrote: > > > Rose Fernandes, > 1) I am not sure if the British Govt insures deposits in UK banks. If they > do, make sure you do not have a balance of more than the insured amount in > any one account. It is also advisable to open accounts in more than one > bank as if there is a run on any bank, the bank will close and you will > only get the insured part of your deposits back. That is the good news, > the bad news is that you may have to wait for a long time for your money > and they usually pay you in small installments. > > > Mervyn2022 >
RESPONSE: Every one is guaranteed up to £85,000 per financial institution, here in the U.K. Now I am wondering how many Goans have have sort of money lying around to invest in various banks! -- DEV BOREM KORUM Gabe Menezes.
