Lloyds Bank Opened An Account In My Name

knightfox

wow I am impressed. When tesco finance opened an account in my name, I have never been into Tesco or asked for any bank account opened they just closed the account and put fraud warnings on my file. No money at all.

kidmugsy

For heaven's sake seize the chance to open a Club current account with them. That account plus their club monthly saver is a pretty good interest rate deal.

worried_jim

I hope you are splitting this profit with your son. Thought not.

JayB

Emily_Joy wrote: »

First of all, when you open an account in a branch you get lots and lots of paperwork. In particular, you get an account number, agreement, terms and conditions, which you are supposed to sign.

It looks like your son signed it without reading it carefully - or he would have noticed that the account is in your name and not his.

Grab £300. Check the paperwork carefully with your son. Make sure he learnt the lesson: he must read every paper he signs.

In addition, you have to make it very clear, that opening an account in other's person name is in fact a fraud and a very serious matter. If done deliberately, the consequences would be very, very far from free £300. There has been a number of threads along the lines "mother/father/uncle has run a debt in my name". Presumably, you wouldn't want your son to take credit cards in your name in 4 years time?

That's the thing, no paperwork was signed. The complaints manager I spoke to on the phone also confirmed this.


You miss my point. He asked to open up an account in HIS name, it was the banker which selected my details from the database without properly checking that is was my son rather than me.

JayB

***update***


A cash ISA was also opened up in my name, I wasnt told about this until I got home last night to a letter from Lloyds confirming they have closed the cash ISA.....

KJSmith

JayB wrote: »

That's the thing, no paperwork was signed. The complaints manager I spoke to on the phone also confirmed this.

No physical paperwork would have been signed. But he did sign electronically on an iPad and would've seen your name and details on the screen.

AnotherJoe

KJSmith wrote: »

No physical paperwork would have been signed. But he did sign electronically on an iPad and would've seen your name and details on the screen.

Not necessarily. Its quite possible and seems more likely that the OP's son had all his details correct, but subsequently as part of the account opening process, an employee picked the wrong entry by selecting from a drop down list.

Joe_Bloggs

I do not think that any amount of 'hush money' from the alleged bank will cover the ineptitude of supervision that covers the creation of bank accounts for unknowing but related recipients.


Clearly there is madness in this tale. Perhaps a Wells Fargo parallel shenanigan fiasco scenario.



J_B.

Emily_Joy

JayB wrote: »

That's the thing, no paperwork was signed. The complaints manager I spoke to on the phone also confirmed this.


You miss my point. He asked to open up an account in HIS name, it was the banker which selected my details from the database without properly checking that is was my son rather than me.

It might be the case that at no point he has an opportunity to see and to check what's happening, but somehow I doubt that.

At this point I would be more concerned about the lesson my son got out of this: "I opened an account in my Father's name and got an extra £150/£300 for my school holidays". The desire making easy money out of other people mistakes can do more harm then good.

On the other hand, this hardly explains a new cash ISA...

wizzywig27

worried_jim wrote: »

I hope you are splitting this profit with your son. Thought not.

What a stupid comment and provides very little input to the thread. Why you feel it is of any concern to you baffles me!