Lloyds TSB - Closing all my accounts!!! Please help!

kingkhan9

pinsix wrote: »

Hi guys,

Just couple of days ago i received a letter from lloyds telling me they were going to close my Private Banking Account. The letter said:

"We're writing to let you know that following a review of your account we can no longer run a bank account for your. We will be closing your account on (60 days from the letter)

Please make alternative banking arrangements immediately."

it goes on to say we will stop making payments from that date and we will issue a cheque for the remaining balance.

First of all i am completely shocked by this. so much so that i left everything i was doing and went to my local branch imediately and spoke to the bank manager who i have met a number of times in the past and whom suggested the Private Banking Account for me last year. He said he had no idea why this has happened as there were no notes on the system indicating a reason. He also said everything in your account looks fine and in my eyes you are a very valuable customer, the account is run really well he said. He phoned the number on the paper but all they told him was for me to write a complaint but the decision was final.

I am really panicking and extremely upset by the development. I have been with Lloyds for 12 years since the age of 14 and this was my first ever bank account. I went to barclays for a couple of years but i never closed lloyds and i came back to them last year and they seemed delighted.

Any way i am an entrepreneur and i have a business offshore and a self employment business in the uk. A cash business to be precise and all the cash i earn i paid in this account and all of this was declared of course. In the last 3-4 months i must have paid 20-25k in cash part of money from the business and part from people that owed me.

Another letter was sent yesterday saying that even my credit crd with lloyds will be closed and these were very very well run accounts. one had a £15000 limit with £14000 being balance transferred to another card (money which i used to invest) and the other credit card which is a Lloyds Black AMEX and by invitation only had a £20000 limit and every months i was spending £2500-£3500 and was being fully paid by DD at the end of each month.

Both of those are being closed too, mind you they invited me to apply for the Black amex.

Does anyone know why is this happening to me???? And what can i do to stop it??
I was reading through similar old stories here and people are suggesting fraud and what not which makes me panic. I HAVE NO AFFILIATIONS TO FRAUD WHATSOEVER. (if i did id share it with you so you could help me fight back)

Hi mate


What happened in the end? did you get this sorted. I am in the same boat. Did they give you any answer

FireWyrm

kingkhan9 wrote: »

Hi mate


What happened in the end? did you get this sorted. I am in the same boat. Did they give you any answer

Read your own thread....

Banks dont like large cash transactions, it screams money laundering and they close accounts summarily if they even dream of it being a possibility. I suggest you look at your own banking history and determine if you have made any large cash deposits, received large sums of money from abroad or are receiving money from a business in a personal account...all of these will get you shut down.