uk.finance

"Tim Woodall" wrote in message
news: @feynman.home. ...
> On Mon, 24 Sep 2007 04:35:48 -0700,
> google@ wrote:
>> On Sep 23, 10:19 pm, "Tumbleweed"
>> wrote:
>>>
>>> I think it would depend on the bank (and the courts if it was ever
>>> needed),
>>> because not all offsets operate the same way.
>>>
>>> Whether this would have any different effect on compensation is a matter
>>> for
>>> the courts probably.
>>
>> It had never occurred to me that the One account isn't anything other
>> than a single account with a large overdraft facility. Now you've got
>> me worried :-(
>>
>
> I've tried posting this to and there's been this
> reply:
>
> =====
> In a liquidation there is a mandatory set-off, so the two accounts would
> be set off one against the other so long as the account holders are the
> same.
>

Just as I said