SWF 0.00% 13.0¢ selfwealth limited

No account holder is an unsecured creditor at a bank that comes...

  1. 1,982 Posts.
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    No account holder is an unsecured creditor at a bank that comes under FCS.........
    There is a defined point at which an account holder becomes an unsecured creditor in the FCS process.
    Generally that is when an account holder exceeds $250K when all the accounts they hold at the ADI are added together. They are unsecured on the amount above $250K.

    How this applies to the SW Trust accounts I am unsure. I do not know who my SW ANZ Trustee is, or how my account is arranged. ANZ would not tell me as I am not the account holder. 131314.

    As my balance is zero I am satisfied in what I currently know.







 
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