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AIBU?

to transfer Money to other banks?

26 replies

helpbuyingahouse · 04/06/2016 08:20

So, we sold our house, moved into rented and we are in the process of buying another one.

We won't complete before the referendum. The money is significantly above the guaranteed limit of £75k.

Would you spread the money across other banks? Could Brexit cause a run on the banks?

I prefer to keep all the money in one place for ease, but obviously I don't want to lose it.

Would be grateful for your thoughts. Thanks!

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helpbuyingahouse · 04/06/2016 19:58

Thanks. I am convinced I don't need any more persuasion

I lost my Tesco bank application but I am doing premium bondsx2, my existing bank plus two more banks. And fingers crossed that Armageddon doesn't happen before we buy a house. I am sure prices will go down then but at least I can live in my house while I can't live in crispy £50 notes.

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