Barclay's withdrawn all my money and left me £3,500,000 in debit

callumhburgess

Hello All,

As of last Wednesday my two barclays personal accounts, one savings account and business account are collectively showing to be £3,500,000 in debit and the funds 'To Reconcile' (their teminology) to Coventry OPS 05 ADV.

A formal complaint was logged last Thursday and I am yet to recieve any formal reponse. Collectively I must of spent a total of 16 hours on the phone, being passed around to one department after another given a range of excuses from technical error, account review and fraud.

I have done quite a bit of research and understand it may be linked with anti money laundering checks as I had a payment of £50,000 paid into my account roughly four weeks ago, since then I have had to make two large payments of £15,000 and £9,000 all of which are justified business expences which have invoices and receipts.

The situation is now seriously effecting my livelyhood and the people who are dependant on me and my business. Barclays have left me with no access to any funds and are fully aware that I have no other banks accounts where I can access funds, effectively leaving me without food, and basic essentials for over a week.

If anyone has been through this before and could some indication of the best steps moving forward it would be greatly apprecated.

p.s. I know there are similar threads on here of Barclays withdrawing funds for investigation but from what I can tell none have had there account showing as being as overdrawn as mine.

Thank you.

jonesMUFCforever

Quite a few of these transactions happening to new posters today.

dancingfairy

Unfortunately I don't think there's much you can do. I doubt it would make much difference whether you 100 overdrawn or 1,000. If they want to stop your account then they will. You'll have to wait whilst they sort it out. You can try opening a basic bank account with another bank but if there is some sort of investigation under way you may not be able to get another bank account.
I'd suggest you beg and borrow to get food and keep on at the bank and hope it gets resolved quickly. You can complain to the ombudsman but as far as I know you have to have resolved the banks internal complaints procedures first and even once it gets to the ombudsman it can take a while to get a result.
Sorry I can't be more positive.
df

grumbler

dancingfairy wrote: »

...if there is some sort of investigation under way you may not be able to get another bank account.

Really? Why?

Archi_Bald

grumbler wrote: »

Really? Why?

CIFAS marker possibly.

grumbler

My point was that while investigation is underway it's too hasty to place any markers. That said, I wouldn't be surprised if paranoid pinkertons working in banks cannot care less, do this routinely and then forget to remove the markers even if they fail to prove anything.

Mike4DebtFreeMoney

How do they get from £50k deposit to £3.5M debit: your business turnover of some years?

grumbler

callumhburgess wrote: »

Coventry OPS 05 ADV

Out of curiosity I googled for the above and the top result was some old and long MSE thread: Please help barclays took all money out my account ...

Oddly, searching this thread for 'coventry' doesn't produce any result.

Archi_Bald

It's just another wind-up, folks.

CKhalvashi

grumbler wrote: »

Out of curiosity I googled for the above and the top result was some old and long MSE thread: Please help barclays took all money out my account ...

Oddly, searching this thread for 'coventry' doesn't produce any result.

That linked thread is believable.

£3.5m, seriously?! I don't believe that at all.

callumhburgess

Thank you informative responces,

Regarding the 3.5 million I'm almost confident it is a technical error, the banks supposidely with draw £200 whilst a review is being taken out and then credit the amount back, in some instacnes the whole money from the account is withdrawn and in very very rare cases the account looks to be excessively overdrawn.

The main concern is how long the checks are taking, now 10 days after making a complaint I am yet to recieve so much as a letter or phone call from Barclays giving me an indication of whats happened.