 So many people are losing there homes to foreclosure where are they going? |
| our family can't afford the mortage on our home and I was just wondering if these poeple are leaving the states in which they live or staying in the same towns.... |
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 401k question? |
| My company has just changed hands and I have the option of getting my money with a 40% withdrawl penalty or rolling it over to anouther plan. I know I should roll it over but the money would be nice ... |
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 What is this about? |
| I got a email saying I won a lot of money. They wanted my back account number and my address. I sent a email back asking why do u need my address and bank number?. He wrote me back with a number 2 ... |
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 Hi everyone is there a bank that will notify you before charging insufficient funds fees? |
| hi everyone is there a bank that will notify you before charging insufficient funds fees?... |
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 Can You Write Yourself a Check? |
| Well, I am low on funds and I have about 9 dollars in my savings account (college student.) Since most ATM's only allow you to withdraw $20, is it possible I could write myself a check for the ... |
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 Is withdrawing all of your money from the bank the best thing to do if the worst is coming? ? |
| This so called FDIC is $100,000. Does that mean you get the $100,000 when the bank is in trouble regardless of how much you have in your account? Or does it only qualify to people with more than $100K... |
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 I have mom's blank checks...can i write a check to myself or a family friend? |
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 If a cheque was supposed to have cleared into my bank account today would it have cleared by midnight tonight? |
or could it clear tomorrow at some point??
thanks
Additional Details
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Mikester123 | Is now the time to withdraw your savings from the Banks!? |
Should you cash in your pension?? |
 |
 
Mark J
|
if you have more than £35,000 in a UK bank then yes.. don't keep more than the UK guarantee of £35k in any one bank
IIRC its $100,000 US.
one thing to be wary of is that if you owe money to the same institution its netted off so theres a good reason not to have a deposit account with the same institution as you have mortgage or other loan.
not all banks trading in the UK are covered by this scheme, if you stick to the major UK banks you will be OK, what the position fo non UK banks or internet banks like ING direct I dunno
I'd think very very carefully about cashing in a pension.... depending on your age and expected retirement date... pensions attract tax benefits, cashing them in sn't he smartest move you could make. there is no doubt that equities are by far the best long term investment, but they do have short term problems, it's be a brave person sho invests in equities right now (goevernment bonds may be a better bet, or even foreign exchange the pound is horrendously overvalued, arguably the country is or is nearly bankrupt [cheers Gordy]) |
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jstjen71
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This is how WaMu collapsed. There was panic and people pulled out their money (called a run on the bank) and the bank folded. |
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Mark D
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Only if you've got somewhere even safer and more productive to put it! |
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john h
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That is the worst thing you can do, if you were to withdraw your money from your bank then you would still lose money, you would not be earning any interest on your money and over a period of time it would be worth less than it is now.
If you are in the UK the the government will guarantee £ 50,000 of you savings so that you are pretty well covered. The other thing i id you withdraw your money from a bank it is less secure against theft and none of the western governments will let their main banks turn turtle. Panic withdrawals started the depression of the thirties surely we have learn and are wiser then then. My money stays firmly in the banks and what shares I have, I will ride the financial problems with and will not sell them |
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Andrea
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No. You don't have to do anything unless you exceed the insurance limits on deposits. |
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Dee
 |
I don't care what people say, but if the FDIC is having a problem then I'm getting my money.
"but you hurt the bank" Oh, well. What's more important the people or the banks? I know banks do a lot of good, give credit and loans but
I'm not a millionaire that can afford for the FDIC to have a "hiccups" and also need bailing out.
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phooey
 |
and where are you going to put your cash? |
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spiritedrinoa
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If you want to be part of the reason that the economy collapses entirely, sure, go ahead.
The US was in dire need of economic reform and what's going on now is a result of that need for change. Consumers played as big a part in it as banks did.
As long as your funds are FDIC insured, they're safe with the bank. MUCH safer than cash is. I have heard some scary stories of people taking out money, storing it at home and being robbed (or worse, being robbed as they leave the bank).
And don't believe the BS and hype that everyone says about FDIC not having enough money to cover everyone's funds. They have the full backing of the US Government, which fully guarantees all insured funds will be covered. |
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Bob
 |
Yes, you can burn your money to keep warm this winter. |
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Riley M
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why whats happening |
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Irrelevant infomer
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I would say not yet, but wait a bit first i reckon Europe has about 3 years at most left before they're sunk just so Europe' good friends the USA saves its own as's first. The first part of the prophesy in revelations has begun. Were all fuc'ked! |
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