THE Tenerife Forum Online Community - View Single Post - Safety of deposits held in Spanish Bank accounts

acmar · 16-07-08, 23:16

Money deposited in a single UK bank is protected up to £35,000 for an individual person and double for a joint account.

There are plans to extend this protection to £50,000 per individual and £100,000 for joint accounts,

What is the position in the event of a Spanish bank getting into trouble?

Thanks

16-07-08, 23:16	#1 (permalink)
acmar Join Date: Mar 2008 Location: North West England Posts: 4,704 Thanks: 490 Thanked 752 Times in 583 Posts	Safety of deposits held in Spanish Bank accounts Money deposited in a single UK bank is protected up to £35,000 for an individual person and double for a joint account. There are plans to extend this protection to £50,000 per individual and £100,000 for joint accounts, What is the position in the event of a Spanish bank getting into trouble? Thanks