sakai
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 22 Dec 2005
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| Time Deposits |
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hi there...
i would like to know..
if you have a fixed deposit / time deposit with local financial institutions or banks.... what would happen to these deposits if there is an outbreak of war? Would the monies be recoverable after the war has ended? (what are the chances?
If the time deposit receipts are lost at the financial institutions records, how would you claim what is rightfully yours?
are there any precautionary measures to take or consider when investing either in a local bank or a foreign bank in one owns country?
Thank you
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Thu Dec 22, 2005 6:21 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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| Re: Time Deposits |
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quote:
Originally posted by sakai
If the time deposit receipts are lost at the financial institutions records, how would you claim what is rightfully yours?
Keep your receipts!
It doesn't take a war for an institution to lose records...mergers are one reason as well as general or organisational incompetence.
"Expect me when you see me."
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Thu Dec 22, 2005 6:39 pm |
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stonegatherer
Contributing Member
Cash: $ 7.10
Posts: 38
Joined: 25 Mar 2005
Location: Chicago
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Difficult choice.
What if the bank was insured by a foreign insurance company?
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Sat Dec 24, 2005 1:00 am |
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