A question re offsetting

[Nestadren]

hi all

I understand that banks can offset savings accounts etc against debt you owe them.

How does this work with regard to one bank being a division of another.

e.g. I have a debt with Barclays (managed through CCCS), and have a small amount of money in an ISA with Standard Life, which is a division of Barclays.

The question is: can Barclays take the money from Standard Life to partially pay the debt?

Many thanks

Nesta x

[natweststaffmember]

Re: A question re offsetting

http://www.financial-ombudsman.org.u.../40_setoff.htm

This link should explain it but if you are in any doubt call the FOS and simply ask them the question. They are very helpful, usually.

[Nestadren]

Re: A question re offsetting

thanks NWSM. I'm still not sure, with them being different companies, but I'll call the FOS and ask.

cheers