Barclays Took £2 Million from me

shortcrust

I'm beyond surprised that people with £2million quid in the bank have to turn to internet forums when something like this happens.

Voyager2002

shortcrust wrote: »

I'm beyond surprised that people with £2million quid in the bank have to turn to internet forums when something like this happens.

Try reading before you comment: the OP says that his savings accont had a whole pound in it, before half a million was mysteriously debited from it. The story with his other three accounts was similar...

Archi_Bald

Similar case: http://www.birminghammail.co.uk/news/midlands-news/barclays-blunder-leaves-customer-200k-9687588

Archi_Bald

The one thing all the cases where Barclays accounts spuriously went overdrawn by huge amounts have in common: nobody seems to have reported any resolution or outcome.

Not even anyone saying their terms of settlement with Barclays included a gagging order.

bsms1147

Archi_Bald wrote: »

The one thing all the cases where Barclays accounts spuriously went overdrawn by huge amounts have in common: nobody seems to have reported any resolution or outcome.

Barclays probably had them all killed. Watch out, OP.

djpailo

so OP any news?

slink85

grumbler wrote: »

I am no expert, but aren't solicitors very expensive and do they not like taking money even when they know that they can't change anything? And, if Barclays are acting within the (stupid) law, there is no chance of recovering the solicitor's fees via legal actions.

if the OP were to take it to court, Barclays would have to show evidence of what suspicions they had for the relevant law to kick in.

if a court deemed these to be not sufficient or far fetched, the op would get all expenses and costs and a good whack of compensation to boot.

A bank cant just say we think you're laundering money, and that's the end of it.

Id be sending a letter before action and filing a claim and would count the days on one hand until they backtrack on any false accusations and offer an out of court settlement.

grumbler

slink85 wrote: »

A bank cant just say we think you're laundering money, and that's the end of it.

Sure they can't, but the law gives them carte blanche (and encourages them) to freeze accounts for investigation if they have some suspiciouns.
If/then they do accuse you of ML, this becomes a case for law enforcement agencies to deal with.

Id be sending a letter before action and filing a claim and would count the days on one hand until they backtrack on any false accusations and offer an out of court settlement.

I think you can easily do this without a solicitor's 'help'.

pelirocco

Thrugelmir wrote: »

How was £500,000 removed from a savings account? Is it now overdrawn.

How was the money removed? Did Barclays transfer it.

I would guess no money moved , as others explained its Barclays way of dealing with fraud investigations and freezing the OP's bank accounts

pelirocco

POPPYOSCAR wrote: »

All part of running a business incurring solicitors fees and tax deductible.


I would be taking my advice from them not from a forum on the internet.


It does not seem the OP has done anything more than go into the branch and yet says he might lose his business.


Has he even tried to open an account elsewhere?


I have accounts with three different banks.

Solicitors fees may be tax deductible , but they would still hugely impact cash flow and profit
Opening another account may be difficult if he's undergoing fraud/money laundering investigations