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e accounts

Last post Tue, Dec 02 2008, 3:36 PM by ingrid48. 4 replies.
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  •  Mon, Dec 01 2008, 1:58 PM

    e accounts

    Reply Quote Spam

    Hi

    Can you tell me if you think e accounts for offshore bonds are secure? They ask you to agree to an e-mail 'signature' which seems rather easy for someone else to use. Alliance and Leicester do one for 5.45 so it's quite a good deal.

    thanks ingrid48
    • Post Points: 20

  •  Mon, Dec 01 2008, 5:55 PM

    Re: e accounts

    Reply Quote Spam

    If you want security, you should stick to mainstream, high street banks and building societies that are covered by the FSCS and keep balances below £50k.

    The FSCS only covers UK banks and building societies. There is a depositor protection scheme on the Isle of Man but there are none yet on the Channel Islands.
    • Post Points: 20

  •  Mon, Dec 01 2008, 7:29 PM

    Re: e accounts

    Reply Quote Spam
    thanks maxstream. Take your points in general, but still unsure. Alliance and leicester International are a mainstream high street bank on IOM, I just wondered if thier e account is safe to use.
    • Post Points: 20

  •  Tue, Dec 02 2008, 3:24 PM

    Re: e accounts

    Reply Quote Spam
    They are not a UK bank and they are not covered by the FSCS. They also trade under IOM rules which are not the same as UK rules. Personally I wouldn't touch them.
    • Post Points: 20

  •  Tue, Dec 02 2008, 3:36 PM

    Re: e accounts

    Reply Quote Spam
    thanks maxstream. Will take yr advice.
    • Post Points: 5