what happen if 2 banks merge?

Hi Jenith, when two banks merged...normally the bank that is being taken over will have some policy and terms changes. However, it depends on the bank that bought over the other whether they want to perform any new changes or not. And definitely there will be restructuring and retrenchment of the bank being taken over. Hence, existing users with the bank being taken over will bear the risk of any changes in terms, rules, policies, procedures, benefits, rates, and others. But surely you would not loose your money, it is just being no longer under the bank's name that is being take over, but under the bank that bought over the bank. I have a friend who faced this situation, and i sometimes i saw her calling up the bank that bought over to inquire why the methods of handling has changed. All the while the way she submits her payment, is now not applicable to this bank. This bank has their own policy and methods that users have to follow. So, you will need to find out whether any differences in keeping your accounts with the old and new bank, and what should you know and do if that happens. Easiest way is to call up the bank that bought over the other bank to find out.