In reply to A newbie all over again! by Annec
In reply to A newbie all over again! by Annec
Had a bit of a wobble last night when I heard about unicredit;about to rush over to Pescara to withdraw funds!
Thanks
In reply to A newbie all over again! by Annec
if you're anywhere near the limit you may be better off with Pronto Contra Termine (short term government debt, 1 - 3 months), minimum €50,000. So with €100,000 you roll €50,000 over every couple of weeks and get around 3.60% net (better than most pay gross on a current account).
In reply to A newbie all over again! by Annec
Berlusconi is having a cabinet meeting tonight, which is expected to discuss some manouvre similar to the 'bailout' announced today in the UK.
Regarding guaranteed deposits in Italian banks, I was slightly alarmed to come across this (on Bloomberg);
"Italy may push ahead with a variation on a plan it floated to European Union partners at a meeting of finance ministers yesterday. Italy's Giulio Tremonti proposed creating a European- wide fund to aid lenders in dire need.
Instead, ministers agreed to guarantee consumers' bank deposits up to 50,000 euros ($68,000). Italy already has a ceiling in place of 103,000 euros, though it is difficult to get more than the initial 20,000 euros protected. Today the Cabinet may simplify procedures to guarantee the top limit for all."
In reply to A newbie all over again! by Annec
So, what do you do if you have to transfer more than E103,000 to a bank to pay for your house purchase (as we have to) - take it over in cash in a suitcase ?
(Which you are now not allowed to do according to the signs at the airport)
And there was I smugly thinking we were not affected by the "banking crisis"
In reply to A newbie all over again! by Annec
You could possibly transfer a part of the payment directly into the sellers bank or with their agreement, write post dated cheques a few days apart. Money drawn from your English Bank Debit Card by companies such as HIFX, which is then sent to Italy as Euros, takes just a few days...even the Italian Banks are moving a bit faster now.
In reply to A newbie all over again! by Annec
Bad news here
[url=http://expattalk.com/groupee/forums/a/tpc/f/6390021403/m/4590095575?r=7460097575#7460097575]Banca Unicredit Fate- Is My Money Safe? - Topic Powered by eve community[/url]
In reply to A newbie all over again! by Annec
I wouldn't be in the least surprised John, if Italian banks are ok. I have to admit that I found the way they operated to be archaic when I first had dealings with them 4 years ago. A monthly charge, charging for cheques, charging to receive electronic funds, charging for absolutely everything. I had become so accustomed to free banking, it came as a shock and I was really unhappy about it.
In retrospect, who got it right.........? Not the UK for sure. As for Italy, we'll have to wait and see I guess.
P.S. I still find the 1 person in the bullet proof air-lock rule to get into a bank mildly amusing.
[quote=adriatica;98515]am not sure how many of you would worry over this in any case...but if you do have sums of money on deposit here it might be worth noting that with all the bits and pieces going on in the world at the moment that the level where your deposits in either current or deposit accounts are protected under law is euro 103,000, after that you have no guarantee that if the bank does fail you will get anything more back... i would presume if it fails you wouldn't... so might be worth organising this sort of money into different banks that don't exceed that limit...
Unicredit had a bit of a wobble here....but have refinanced and have guaranteed their clients over their funds and status
finally they are all saying, the banks and politicians that is, that there are no problems with any Italian banks... Berlusconi, believe him or not, and its not signed and in writing has said not one person will loose a cent of money if its on deposit in an Italian bank.... this talk is fine to keep people from rushing to withdraw their money... and most probably if one or two banks did fail they would make sure that no client lost anything to keep the rest of the people from rushing to their banks... how long that would be sustained is the question...
i reckon the best bet is to make sure your within the limit[/quote]
In reply to A newbie all over again! by Annec
Dear Russ Re...........I still find the 1 person in the bullet proof air-lock rule to get into a bank mildly amusing.
Well if you want to rob a bank around here you simple ramrod the facia with a van and escape with the money...oh and somehow you are not caught either!!
Well due to ever increasing renovation costs on my house, etc, that upper limit no longer applies to me. :rollingeyes::frown:
Isn't it strange that if a bank goes bust your savings aren't guaranteed but if you owe them money you can be sure that debt won't magically disappear as well. :no: