Ltd Acct with HBOS, what happens if it goes bust?

[booking]

My Ltd Co account is with HBOS, watching the news this evening talk of HBOS potentially going bust although "the government would never allow such a thing"

What would happen to the considerable amount of money sitting in my Ltd account at the moment if HBOS did go under. "Depositers" accounts would be guaranteed - but as a Ltd company do I qualify as a depositer or would I have to join the long list of creditors and hope I get a decent percentage of my money back?

[Diestl]

My Ltd Co account is with HBOS, watching the news this evening talk of HBOS potentially going bust although "the government would never allow such a thing"

What would happen to the considerable amount of money sitting in my Ltd account at the moment if HBOS did go under. "Depositers" accounts would be guaranteed - but as a Ltd company do I qualify as a depositer or would I have to join the long list of creditors and hope I get a decent percentage of my money back?

I would think seriously about moving it to a safer bank.

[NoddY]

I would think seriously about moving it to a safer bank.

Like Northern Rock! And that's not a joke.

[Iron Condor]

Move over to HSBC.

HBOS down 77% since the credit crunch started one year ago.
RBS down 56%.
Barclays down 47%.
Lloyds down 48%.

HSBC down just 5%.

http://www.dailymail.co.uk/news/arti...owed-fail.html

[AlfredJPruffock]

Move over to HSBC.

HBOS down 77% since the credit crunch started one year ago.
RBS down 56%.
Barclays down 47%.
Lloyds down 48%.

HSBC down just 5%.

http://www.dailymail.co.uk/news/arti...owed-fail.html

BETTER BE COOL ON WALL ST - when youre Index is Low
Dow Jones aint got time for the bums -
They wind up on skid row
With holes in their pockets
They plead with you Buddy
Can you spare a dime ?
But you aint got the time ...