what happens to the debt after a bank goes out of business?
Daughter of the Most High***Child of Light** Warrior
Yes but what happens if for some miracle you actually have a small, hard earned savings, does that go bye-bye too?
“Well get your money outbof the bank…”
And put it where? How? Worthless Paper money? 👀
Child of God, mother of two, retired R.N. Proud to be an American! God bless the USA!
credit unions too???
Some banks are ISO 20022 compliant and I believe Wells F is one of the major banks that has signed the agreement, most CU's are as well. Call your CU on Tuesday (Monday is holiday) and ask if they are ISO 20022 Compliant... They may hmmm and hawwww or they may just say "yes we are"... Not really sure about Chase or BofA but I don't think they signed on...I could be wrong but I know Wells did sign up for QFS.. Hope that helps..
https://bankingblog.accenture.com/iso-20022-for-banks
The Challenge and Impact of ISO 20022 for banks | Accenture Banking Blog
Accenture’s Britta Kotthaus-Krahmer looks at six key challenges for ISO 20022 migration in payments.
https://bankingblog.accenture.com/iso-20022-for-banks
Child of God, mother of two, retired R.N. Proud to be an American! God bless the USA!
thank you!
Daughter of the Most High***Child of Light** Warrior
Thank you so much!
