The credit Crunch and the Banks

[owen2433]

Right im slightly confused.

I know (well i thought i did) what a credit crunch is. But at the moment, with all the banks being in trouble and stuff, what's happening to my/our money. Im with Halifax and have 2 current accounts. One student and one normal. Is the bank going bust? or what happens if they do, what happens to my money etc. All this is just confusing me at the moment and don't know what to do. Should i switch banks?

 

[owen2433]

Ah okay, just worrying me as i hear people on train talking about which bank to go bust money being injected in so and so just worrying me. No i dont keep much money in lol

Have about 3-4k at the moment saving from placement, might be opening an ISA soon. Just worried,

 

[owen2433]

Ahh.. What about overdrafts? I currently have a £500 overdraft and would like to increase to £1000, would they do it or they;d simply go to me " sorry no cash" lol