Lloyds closed my accounts hard getting new one

gunsandbanjos

colsten wrote: »

Thanks for the link but I think this is talking about something very different from what I understand Ed-1's friend did.

I don't recall anything in the Lloyds or other T&Cs about it.

It's not so different from a banks point of view, Ed's friend was doing it to try and cheat the banks interest calculation schedule but how does the bank know that?

All they see is someone cycling funds in and out repeatedly which is exactly what fraudsters do to increase their credit worthiness and sting the banks for more money.

If you play with fire you risk getting burnt.

themadhouse

Wow - some interesting information coming out on here, much appreciated.

If it turned out I had a 'suspected fraud' warning i.e. APAF is it still possible to get another account?

Thanks

gunsandbanjos

themadhouse wrote: »

Wow - some interesting information coming out on here, much appreciated.

If it turned out I had a 'suspected fraud' warning i.e. APAF is it still possible to get another account?

Thanks

It is entirely dependent on whether you have a CIFAS marker so you absolutely need to find out for sure as soon as possible.

APAF is the name of the fraud team by the way not the name of a warning.

masonic

colsten wrote: »

Different banks have different cut-off times so if you know what these are, you can get interest at both without having all the money in each of the accounts for more than a few minutes/hours. AKA as taking the proverbial.....

Oh dear. Well I guess that should have occurred to me, but it's rather surprising a loophole like that doesn't quickly get closed.

themadhouse

Also I would like to write back with an explanation and evidence to back up the reason for the funds in my account, is this likely to help in anyway?

gunsandbanjos

themadhouse wrote: »

Also I would like to write back with an explanation and evidence to back up the reason for the funds in my account, is this likely to help in anyway?

Possibly, APAF should review the accounts after 60 days before they actually close them.

If you have provided sufficient proof of entitlement it might help.

jonesMUFCforever

The point I was making was that the OP was drip feeding information about his credit history as and when parts of his posts were questioned.
If he had given us full information on his background 2/3 of the posts could have been avoided - the most importanrt part must be that he SAR's CIFAS as there must be something on there for all these banks to refuse opening an account for him.

Ed-1

jonesMUFCforever wrote: »

The point I was making was that the OP was drip feeding information about his credit history as and when parts of his posts were questioned.
If he had given us full information on his background 2/3 of the posts could have been avoided - the most importanrt part must be that he SAR's CIFAS as there must be something on there for all these banks to refuse opening an account for him.

Is there anything that could be placed with Synectics that could have the same effect of declining on fraud checks? As I understand it, Synectics has a product called National SIRA that banks log limited amounts of data off applications (such as name, address, phone number, email address, IP address etc.) in an entry to the database and also a status of 'clear' or 'refer' - refer being if they felt something was out of the ordinary with the application and wanted to alert other lenders to it. This is a case of post-application closure so I wouldn't have thought Synectics would come into it as the original application for the account would have already passed the fraud checks.

themadhouse

Well I have typed my letter, and have provided wage slips, compromise agreement with employer and other proof of why large sums were recently being transferred into my account.

See what happens, not holding out much hope.

themadhouse

Update: Natwest have turned me down on a basic account really don't know what to do now.