Reply to post: Re: 402 customers?

UK 'meltdown' bank TSB's owner: Our IT migration was a 'success'

TonyJ Silver badge

Re: 402 customers?

"...Me, I keep my personal account in a completely different bank for multiple reasons including that they can't rob 'Peter' to pay 'Paul'..."

This is called "setting-off". I must admit, I'd thought they'd been stopped from doing this, but apparently not:

It allows banks to take money from savings or current accounts to pay debts such as credit card or loan arrears

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