Barclay's withdrawn all my money and left me £3,500,000 in debit

maninthestreet

From your opening post, you appear to have used your personal bank accounts for business purposes??

alanq

maninthestreet wrote: »

From your opening post, you appear to have used your personal bank accounts for business purposes??

I don't know how you manage to deduce that

callumhburgess wrote: »

As of last Wednesday my two barclays personal accounts, one savings account and business account...

POPPYOSCAR

alanq wrote: »

I don't know how you manage to deduce that

I read it like that as well as the post said my two personal accounts, so it looks like one is used for business but not officially.

If this is the case, you are not supposed to do that.

McKneff

Its probably just £3.50 ha ha.:rotfl:

butterflymum

See http://www.consumeractiongroup.co.uk/forum/showthread.php?424016-Barclay-s-withdrawn-all-my-money-and-left-me-%A33-500-000-in-debit&p=4530433

SuperAllyB

I read OP as 4 accounts in total - 2 personal, 1 savings and 1 business. Been wrong before though.

callumhburgess

Hey Guys

Just for clarification I have one business account, and two personal one for bills and outgoings the other for day to day spending and one savings account so a total of four.

Current status

Business account: -£2,000,000
1st Personal: -£500,000
2nd Personal: -£500,000
Saver: -£500,000

This afternoon Barclays provided me with a dedicated account representative who's looking into the account, I have her personal which will save hours going through the normal system.

grumbler

Some unpunishable idiot at Barclays seems to be having fun

meer53

callumhburgess wrote: »

Hey Guys

Just for clarification I have one business account, and two personal one for bills and outgoings the other for day to day spending and one savings account so a total of four.

Current status

Business account: -£2,000,000
1st Personal: -£500,000
2nd Personal: -£500,000
Saver: -£500,000

This afternoon Barclays provided me with a dedicated account representative who's looking into the account, I have her personal which going through the normal system.

So they've removed 3.5 million in total from all your accounts. Sounds as though they don't like the recent 50k and other transactions and are doing AML checks.

PaulW922

IF this is a consequence of AML checks, and that is an IF right now, you should be aware of a couple of things:

The bank will not tell you if they are awaiting what is known as 'consent' to process various transactions. That would be a criminal offence on the bank's part, so as frustrating as it is, please don't waste time and stress yourself out trying to find out about it

IF this is AML, whilst the process is underway, there will be nothing you can do to access your account. Operation of the AML process temporarily suspends the 'mandate' (ie the contract) between you and the bank. There is case law confirming this after someone tried to sue NatWest some years ago.

Of course it is all 'IF' right now. The only advice I can give is to be cooperative with the bank and answer any questions about source of funds etc. A lot of people here will probably give you well meaning but probably not especially well informed advice on what to do..