Thousands of UK customers of two of the collapsed Icelandic banks will receive application forms for compensation for their lost savings in the next week. Most customers of Kaupthing and Heritable Bank will have compensation automatically transferred to ING Direct (its new owner). ING Direct is acquiring £2.5bn of deposits and 160,000 customers from Kaupthing and £538m of savings held by 22,200 people with Heritable Bank.
Icesave customers should learn on Friday how to claim their compensation. The UK Treasury said the three banks were in default but savers’ money was safe.
