coolaboola12
Registered User
- Messages
- 317
I can just move some over to bunq I suppose
I agree. Other than in extreme situations where someone has sold a business and has a huge amount of cash and might prefer a money market fund or similar, I wouldn’t be overly worried. The Irish State isn’t bailing-in depositors. And if they were, I’d argue that we’d have bigger problems.
Well yes, but I was more talking about Advanzia which is dealing direct with a bank, like Bunq. (I have done Advanzia and Bunq).You mean via raisin ?
In my basic understanding, taking some of your deposits off you to save the bank.What does bail in deposits mean
Never heard of advanziaWell yes, but I was more talking about Advanzia which is dealing direct with a bank, like Bunq. (I have done Advanzia and Bunq).
There is no EU Deposit Guarantee - the Germans wouldn’t wear it.EU Deposit Guarantees
Interesting so I'm back to multiple current accounts, which clubman gave out to me about
Why would you be opening current accounts (most likely paying zero interest), rather than savings accounts, in different banks for different €100k tranches of cash? In fact, unless you're about to buy a house or some other large high value item, why would you have multiples of €100k to hand rather than invested elsewhere for better returns that are not getting outpaced by inflation?
That is pretty strange advice in a case where there are EU regulated banks, covered by EU Deposit Guarantees, offering c.3% on deposits, which could net you c.€3k over a year after Dirt (compared to c.€100 with EBS!) (I'm not getting into alternative investments, just talking about deposits).
I said "EU regulated bankS, covered by EU Deposit GuaranteeS". Meaning, deposit guarantee schemeS in EU countries. You referred to "no EU Deposit Guarantee (no S) - singular. Sorry if not clear.There is no EU Deposit Guarantee - the Germans wouldn’t wear it.
All deposit guarantees are national schemes, with reserves covering a very small fraction of covered deposits.
So what's the point of it thenThere is no EU Deposit Guarantee - the Germans wouldn’t wear it.
All deposit guarantees are national schemes, with reserves covering a very small fraction of covered deposits.
So what would you do with over 100k cashI'm with @ClubMan on this. As he says why would you have multiple current accounts where you may pay fees and probably not earning interest. Its probably unnecessary but its also safer to have non-day-to-day funds on time delay release in case your accounts are scammed or hacked or whatever
Ok, there are no EU deposit guaranteeS!I said "EU regulated bankS, covered by EU Deposit GuaranteeS".
Jesús man! I meant EU deposit guarantee schemes, and you know it!Ok, there are no EU deposit guaranteeS!
Just national schemes.
I’m simply making the point that there is/are no EU deposit guarantee scheme(s).Jesús man! I meant EU deposit guarantee schemes, and you know it!
Yea but there is an EU resolution fund with €64bn in it.There is no EU Deposit Guarantee - the Germans wouldn’t wear it.
I’m simply making the point that there is/are no EU deposit guarantee scheme(s).
If you place money on deposit with a Latvian bank, you are solely reliant on the Latvian DGS, whose reserves only cover a small fraction of covered deposits.
Luxembourg bank. There is a thread on here about it. Covered by the Luxembourg Deposit Guarantee Scheme (one of the EU Deposit Guarantee SchemesNever heard of advanzia
I am, but I’m also making a point.You are being pedantic
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