Thread: Bank Fraud Compensation
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Old 17-11-2004, 09:57   #29
SMHarman
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Re: Bank Fraud Compensation
Quote:
Originally Posted by Graham
<snip>(unless you use an "agent" like Paypal, but I wouldn't touch them with a bargepole!)

It's something worth considering.
As paypal is not even money - but "electronic money", it also falls outside the deposit protection scheme in the UK, so summarise, if a bank fails, you get the first £8000 of your money back - guaranteed, if paypal fails you get 0.

So if you use paypal don't leave money in it.
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