Lloyds Bank Account Hacked. Acc closed & cannot get money - can that be right?

colsten

grumbler wrote: »

I think what the OP said meant that the PIN wasn't written on or kept together with the card - that allegedly was lost or stolen.

You might be right. One huge question remains - how did the alleged fraudsters come into possession of the PIN?

agrinnall

grumbler wrote: »

No, I don't have an explanation.
That's why I don't say that it's a common procedure that wold have implied that I do know.

It makes no sense to deposit cash from drugs sales to a bank account only to withdraw it soon. However, the last big deposits hadn't been withdrawn, so it's possible that criminals had some other plans for this money.

Fair enough, it was really the FPs into the account that I was referring to.

jonesMUFCforever

grumbler wrote: »

How do you explain "£1560 Deposit (in) 09/01" and "£574.00 Deposit (12/01)" then?
Unless by "dodgy" you mean physically dirty/marked or even fake...

I don't think that a bank is the best place for laundering marked/fake money.

Probably one or more other accounts were hacked and monies transferred to OP's son 's account (Look at the £1 trial credits - they would send £1 first to see if it worked before sending the rest of the money).
What makes it interesting is that you cannot have internet banking with Lloyds until you are 16 so how were faster payments out made?
Someone would have had to go into a branch to do these and even then their system might have picked up that the account held might not have allowed the transaction to happen?

grumbler

Well, transfers were denoted as "Faster Payment (in)" in the above 'statement', and I don't see any "Faster Payment (out)"

Two transactions I asked about were "Deposit".

Armorica

it's still got money laundering/proceeds of crime written all over it. Not sure it has to be rational - does that apply to drug-dealing teens?

One possibility is that older friends/bullies have got hold of account details and use it to transfer money between them. E.g. boy in town A pays in, friend in town B withdraws etc.

GingerFurball_2

moneysavvy35 wrote: »

I get that, but how comes all the below happens as a result of him being the victim of fraud...do you guys not think its unfair though?...or is it just me, or is it not really worth going on about cause it is what it is.....

So...due to the bank account fraud...

- he cannot get his funds back for up to 60days
- he cannot open a bank with lloyds for 4years
- his current account is closed so I have to look for another bank - sooner rather than later before the bad credit name hits his status
- his name will come up as blacklisted on credit searches..

I appreciate it's frustrating, particularly if your son is innocent as you state.

But you have to look at this from the bank's perspective. An account in the name of moneysavvy35 Jr is being used for criminal purposes. They are quite right to prevent monies being withdrawn by that person while there is an investigation, they are well within their rights to decide that they don't wish to conduct business with him and they're quite right to warn other financial institutions.

grumbler

GingerFurball wrote: »

I appreciate it's frustrating, particularly if your son is innocent as you state.... they're quite right to warn other financial institutions.

Well, what you say is very arguable - if he really is a victim (I am not saying he is).

If a car accident happens it can be reasonable to ban the guilty party from driving. Is it reasonable to ban the victim - just in case?

Before 'warning' the bank has at least to prove beyond reasonable doubt that he was a part of the fraud, but they CBA to do this and warn (=ban) just in case.

csgohan4

LLoyds are someone I will be avoiding then in future

Uxb

I've banked with lloyds for 30 years without any problems so far as I can remember.

Archi_Bald

csgohan4 wrote: »

LLoyds are someone I will be avoiding then in future

We don't know what exactly happened in the case of the OP's son, and neither does the OP. What we do know is that all banks would close an account [of a 14 year old] with the usage pattern described.

If you plan to avoid Lloyds because of this thread, you should avoid all banks, building societies and credit unions.