Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Brits could lose out in Cyprus deal

British people with accounts in Cypriot banks could lose money if a deal is reached that sees savings taken from banks.

The Telegraph reported that if savings are taken from Laiki bank, which has branches in London and Birmingham, then its customers will not be entitled to receive compensation under a UK wide scheme to cover this.

People with more than €100,000 in Laiki bank stand to see up to 40 per cent of their savings taken away if it is agreed that the funds Cyprus needs to be bailed out should be taken from customers at Cypriot banks.

Cyprus was the latest country to need to be bailed out in the eurozone. However, the country needs to raise €5.8 billion (£4.9 billion) before it can qualify to be bailed out.

Earlier, the Cypriot Parliament was presented with a deal that would involve taking money out of its banks but it rejected this.

Currently, banks in Cyprus are closed until a deal can be finalised.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801561001-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide