Sharedealing & bank account forced closure.

TheShape

bowlhead99 wrote: »

If I were a bank I wouldn't want your business because .........

- you are someone taking the mickey out of their reward for loyal customers by holding an account with them and funding it temporarily from time to time, simply so that they pay you a cash reward for having the account while they incur all the costs of the account being open.

I bet there's a few here that would have to admit to doing the same. I'm definitely guilty of working the system to my advantage. I wouldn't turn down a 0% purchases credit card with Halifax though, if that would earn them some transaction fees.

MoneyGeoff

They have to provide information to you within 40 days if you make a subject access request. The personal data they hold likely contains notes on the closure reason. Or if it was an automated decision, they have to provide that too and provide the reason.

You have to request in writing (or email) and they can charge you £10.

https://ico.org.uk/for-organisations/guide-to-data-protection/principle-6-rights/subject-access-request/

Although as already pointed out, it seems you already know the reason why they closed your account.