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A foreigned owned bank account in UK

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Comments

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    Heng_Leng wrote: »
    I think (the UK branch of ) the relatives bank has closed its NatWest collection account but the OP has still deposited funds into NatWest.

    May be- but question remains - -- why did Natwest close the account?
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    innovate wrote: »
    May be- but question remains - -- why did Natwest close the account?

    Seems a pointless question, I doubt if we'll ever find out, I can't see any circumstance in which NatWest would tell a customer why it has closed an account held by somebody else.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    agrinnall wrote: »
    Seems a pointless question, I doubt if we'll ever find out, I can't see any circumstance in which NatWest would tell a customer why it has closed an account held by somebody else.

    Naturally Natwest wouldn't tell the OP why his relative's account was closed. However, the relative may know. And the OP may know, too. The reason for the closure may well explain why the OP won't get any money back.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    innovate wrote: »
    Naturally Natwest wouldn't tell the OP why his relative's account was closed. However, the relative may know. And the OP may know, too. The reason for the closure may well explain why the OP won't get any money back.

    But as has been said several times already, we don't think it is the relative's account that has been closed, it appears to be the foreign bank's collection account at NatWest.
  • Dr_Cuckoo3
    Dr_Cuckoo3 Posts: 1,398 Forumite
    innovate wrote: »
    Naturally Natwest wouldn't tell the OP why his relative's account was closed. However, the relative may know. And the OP may know, too. The reason for the closure may well explain why the OP won't get any money back.

    perhaps the OP's relative badmouthed the bank staff ?
    agrinnall wrote: »
    But as has been said several times already, we don't think it is the relative's account that has been closed, it appears to be the foreign bank's collection account at NatWest.

    indeed , several times and it still hasn't sunk in

    http://en.wikipedia.org/wiki/Correspondent_account
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