Those whose current or deposit accounts are being transferred to Bank of Cyprus UK are being told to contact their new bank with any questions.

BBC: Laiki Bank customers in UK escape Cyprus levy

Otherwise, the custodian will assume direct deposit is for the current (2007) tax year.

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In response to rate cuts early in July, European banks have mainly shifted the money from the deposit facility to the current accounts, defeating the desired effect.

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The exchange comes to mind as one watches the current, halting efforts by big banks to charge consumers higher fees, especially on deposit accounts.

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"You can't expect them to do anything different, " Geithner said, in response to criticism that the Federal Reserve, the Federal Deposit Insurance Corp. and other bank regulators are concerned about losing their current supervisory authority.

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About 12% of the current deals require a 10% down payment, and only 3% are available to people with a deposit of 5% or less.

BBC: House prices in London rise by 7%