Need advice , llyods have closed my account

Johnsear

Thanks for all the info, I have looked at the t&cs of the personal account, it says if fraud is suspected then it's an Instant closure with no notice,

And "any other reason" is 2 week, if no fraud is suspected can they still place a cifas?

Johnsear

So I've been to the branch today and met with the manager she has reassured me that there is no marker and the account was closed due to unusually high turnover, I've sent a sar anyway to check, hopefully that's the end of that, good riddance to llyods

Anthorn

Johnsear wrote: »

Dear All,

I just received a letter from llyods stating they are unable to maintain a banking relation and will terminate the account in 60 days. After reading other threads I am really worried, and I know they have been similar ones so I apologise.

I have had a high turnover recently due to using William hill,
I have never breached my overdraft limits and in no terms comitted any fraud.

I am not entirely bothered that they are closing my account but I'm frightened if they stick something on my credit file?
Will it make it harder for me to obtain credit in future?

Or the fact they have given me notice means that it is a best of a bad situation??

Any help will do, thanks

Yeah llyods are doing this quite a lot these days according to other posts.

Your post suggests that you don't know the reason for the closure but have suggested that your betting relationship with William Hill is to blame. If you can prove the origin of any money you have deposited then you have nothing to worry about. If it's suspected fraud including money laundering you will get to know about it because there will be an investigation into it.

Otherwise a closed account becomes a settled account which is actually beneficial.

Johnsear

Thanks for that, really useful reading

Your absolutely right and the high overturn is solely due to WH.

jonesMUFCforever

Johnsear wrote: »

So I've been to the branch today and met with the manager she has reassured me that there is no marker and the account was closed due to unusually high turnover, I've sent a sar anyway to check, hopefully that's the end of that, good riddance to llyods

It is CIFAS that you need to send a SAR to - the reply from any bank will not include any reference to any ''suspicions or investigations'' they have as this could mean they are tipping you off - which is a criminal offence.

Johnsear

Yup I've sent one to cifas just to be sure, but the manager reassured me there was no reason why I can't open another account on the high street,
If they did suspect fraud wouldn't that have warranted an instant closure as per the t&c?

GingerBob_3

I suspect Lloyds have been engaging in corrupt and illegal business practices, including the permitting of money laundering for certain wealthy clients. Does anyone know of a database I can put Lloyds on that will cause them to go out of business, or at the very least, to cause severe difficulties for them?

jonesMUFCforever

GingerBob wrote: »

I suspect Lloyds have been engaging in corrupt and illegal business practices, including the permitting of money laundering for certain wealthy clients. Does anyone know of a database I can put Lloyds on that will cause them to go out of business, or at the very least, to cause severe difficulties for them?

I think Martin Lewis would be top of the list he has cost the bank billions.

bigadaj

GingerBob wrote: »

I suspect Lloyds have been engaging in corrupt and illegal business practices, including the permitting of money laundering for certain wealthy clients. Does anyone know of a database I can put Lloyds on that will cause them to go out of business, or at the very least, to cause severe difficulties for them?

We've had to bail them out as taxpayers once already, I personally wouldn't want to contribute to have to do it again.

colsten

GingerBob wrote: »

I suspect Lloyds have been engaging in corrupt and illegal business practices, including the permitting of money laundering for certain wealthy clients. Does anyone know of a database I can put Lloyds on that will cause them to go out of business, or at the very least, to cause severe difficulties for them?

You may remember, we (the taxpayer) still own a few billions worth of Lloyds shares. Would be a bit silly to throw that money away, wouldn't it?