Bank closing accounts

maninthestreet

Are there two banks involved here, or are both accounts with Lloyds?
It's certainly not fraudulent to arrange your finances such that you
either maximize interest payments or minimize account charges.

Ed-1

maninthestreet wrote: »

Are there two banks involved here, or are both accounts with Lloyds?
It's certainly not fraudulent to arrange your finances such that you
either maximize interest payments or minimize account charges.

It's between 2 different banks - the cut-off time with Lloyds is the same!

What do you reckon is the best way of dealing with this? It took a surprise declined application followed by a SAR to CIFAS to find out they'd registered it with them. Complain to Lloyds then FOS?

grumbler

Legal actions against Lloyds for libel / defamation of character?
Instead of wasting time on complaining I'd send them a letter before action demanding removal of the marker and a compensation.

System

I don't see this as fraud.
Simply taking advantage of a loophole.

YorkshireBoy

One definition of fraud is 'deception to gain a pecuniary advantage'.

There's certainly been a pecuniary advantage gained, but has anyone been 'deceived'?