Why would Paragon send me this request?

rizla01

The bank that I nominated (Barclays)is the same bank that I used to pay monies IN! (My usual bank)

System

I can't read it - probably better just to give the gist of the letter anyway.

G_M

It's (presumably) a linked account.

Standard procedure to ensure it's in your name (rather than some low-life child trafficker using Paragon to launder money.

george4064

I would phone Paragon to confirm, make sure you use the telephone from their website NOT from that letter. (Check the company's website address using google, dont take it from the letter).

Stevie_Palimo

There looking to know about proof of funds and if it is a different entity from one bank but still under the same umbrella Company it does not mean they will talk to each other about funds held in different accounts.

dunstonh

For payments going out, it is normal for providers to seek proof of account ownership and numbers for it to become a "known account".

If it was the same account paid into by cheque, then they can accept that as good enough as long as they kept a copy of the cheque to refer to (and they may not have). If they didnt or it was a BACs transfer, then a copy statement or void cheque will usually suffice.