P phester Registered User Messages 138 10 May 2011 #1 I am wondering if I mortgage and a savings account with a bank then in the case of a bank closing the debt would be sold on but would this amount be less your deposits or what would be the legal scenario in this case
I am wondering if I mortgage and a savings account with a bank then in the case of a bank closing the debt would be sold on but would this amount be less your deposits or what would be the legal scenario in this case
L Lightning . Messages 5,395 10 May 2011 #2 In the Netherlands when a bank failed deposits were net with loans per customer.
J Jim2007 Registered User Messages 2,344 10 May 2011 #3 Read your banks terms and conditions - I expect you'll find that the bank holds the right to off set one against the other. Jim.
Read your banks terms and conditions - I expect you'll find that the bank holds the right to off set one against the other. Jim.