Lloyds closed my accounts hard getting new one

themadhouse

Is there a link with advice on how to fight it. I sent off supporting documents 2 weeks ago, I have heard nothing back (other than documents returned with Lloyds saying they have photocopied and are reviewing them).

jonesMUFCforever

Do you know the wording of it?
Did the Co-op say why it was on?

Do you know or think you know why it was put on?

themadhouse

I suspect I may know why they have put the marker on, large money transfers. I have since sent supporting documents for the transfers. I see no other reason and am waiting a response.

themadhouse

UPDATE:

I spoke to Lloyds as they have not responded to my letter. It appears as though I have found the issue.

I was a company Director/shareholder until June 2013. I sold the company on the stock exchange and it was acquired by A N OTHER (for confidentiality). I also resigned as a Director. I therefore no longer had any interest in the company.

The company has recently been involved in what Lloyds described as fraudulent activity with PayPal and the company bank account.

Lloyds state that they still have me listed as the Director and Shareholder.

I have explained that I am not, that it was sold in June 2013, the fact it is on Companies House so on and so forth. They just keep saying that I am the Director and owner and they are not reversing their decision as it if full and final.

How on earth can they do this? I appealed and expect a final decision but if its documented in the public domain that I sold the company in June 2013 and was not longer a Director or Shareholder how on earth can they do this?

I emailed CIFAS who said I need to wait for a final response/decision letter from Lloyds before they can intervene but this will take months and it has badly effected me, as you can imagine?

Ed-1

themadhouse wrote: »

I emailed CIFAS

Have you had a subject access request response from CIFAS?

themadhouse

No but Lloyds confirmed on the phone in detail via a specialist line. I have sent it off but am waiting.

Ed-1

themadhouse wrote: »

No but Lloyds confirmed on the phone in detail via a specialist line. I have sent it off but am waiting.

Confirmed what?

themadhouse

The marker

Ed-1

themadhouse wrote: »

The marker

They confirmed a category 6 CIFAS marker?

So they have involved you in this through your 'link' with the company bank account held with Lloyds that had fraud on it, and as such are closing your personal accounts with Lloyds in 60 days even though you no longer have a link with that company account. Is that right?

eskbanker

Just a thought but does resignation as owner/director/shareholder automatically mean that you're no longer linked to the company bank account? Obviously new owners would normally be keen to change authorised bank account signatories and so on, but if they failed to do so for whatever reason, then Lloyds could presumably argue that, regardless of company sale info being in the public domain, OP could still be associated with the company bank account if they weren't explicitly advised otherwise?