Lloyds account blocked along with my mums Halifax Account

swaydog

worried_jim wrote: »

This is not going to end well. Doing someone a favour and letting a third party run funds through your account is about as dodgy as it gets.

Again, the third party transferred the money into my friend's account. He then transferred it into my account.
How many transfers removed do we have to be in order to be safe?
If your employer paid you with money that one of his customers paid him with fraudulently gained money, would you expect your accounts to be blocked .

tempus_fugit

swaydog wrote: »

I wasn't suggesting that fraud transfers should always be blocked, I was suggesting the fraudster should not be able to access the funds in the first place, in order to transfer them. That's either the account holders fault or the banks.

You're missing the point. It's not to do with "accessing the funds", it's to do with the origin of the funds. If the origin was not above board then the account holder could easily then transfer the money to someone else, e.g. your friend, on the pretext if some legal transaction - this is what money laundering is all about. The bank doesn't know about it until after the transaction has taken place. If we all had to get permission BEFORE we transferred funds then the banking system would grind to a halt for all of us.

swaydog wrote: »

I wasn't that they couldn't find their card it's that it was 80 miles away.i was driving him to make the purchase and he was expecting to use his card, then realised he didn't have it on him. So we transferred the money to my account. He's a victim of this too as his account has been blocked too.

All of which may be perfectly above board but the bank doesn't know that.

swaydog wrote: »

He's trying to resolve the issue too but ATM my concern is with my mum.
I can deal with my blocked account for a month or so but my mum cannot

As already stated, you need to tell her, as this investigation could take some time.

tempus_fugit

swaydog wrote: »

Again, the third party transferred the money into my friend's account. He then transferred it into my account.
How many transfers removed do we have to be in order to be safe?
If your employer paid you with money that one of his customers paid him with fraudulently gained money, would you expect your accounts to be blocked .

Quite possibly, yes. It's like stolen goods. You might buy something quite legally from someone but if they had stolen the item it's still not yours to keep.

Carrot007

swaydog wrote: »

How many transfers removed do we have to be in order to be safe?
If your employer paid you with money that one of his customers paid him with fraudulently gained money, would you expect your accounts to be blocked .

But the money was not given to you. You recived it to give it back to the person. That is the 100% dodgy bit.


Unless your employer generally transfers money to you to ask for it back. In which case find a less dodgy employer yesterday!

swaydog

tempus_fugit wrote: »

You're missing the point. It's not to do with "accessing the funds", it's to do with the origin of the funds. If the origin was not above board then the account holder could easily then transfer the money to someone else, e.g. your friend, on the pretext if some legal transaction - this is what money laundering is all about. The bank doesn't know about it until after the transaction has taken place. If we all had to get permission BEFORE we transferred funds then the banking system would grind to a halt for all of us.

All of which may be perfectly above board but the bank doesn't know that.

As already stated, you need to tell her, as this investigation could take some time.

I was under the impression that we were talking about fraud as opposed to money laundering as friendlyfoe posted


"Additionally I would they would not block the account if it was suspected money laundering as that would be tipping off. The account gets blocked when the third party transfer in is reported as fraud."

swaydog

Carrot007 wrote: »

But the money was not given to you. You recived it to give it back to the person. That is the 100% dodgy bit.


Unless your employer generally transfers money to you to ask for it back. In which case find a less dodgy employer yesterday!

It didn't seem dodgy to me , given the circumstances. "The person" who transferred it to me wasn't the source of the funds. He's a victim too.
Actually I gave the money to the seller of the purchased item, maybe they should get their account blocked too.

Carrot007

swaydog wrote: »

It didn't seem dodgy to me , given the circumstances. "The person" who transferred it to me wasn't the source of the funds. He's a victim too.
Actually I gave the money to the seller of the purchased item, maybe they should get their account blocked too.

Wheather it seemed dodgy to you or not is irrelevant.


Hopefully it is just bad luck.


Otherwise maybe your friend !!!!ed you over. It happens.


You are quite frankly overracting to a normal process. Yes it is not nice. But if you do such things you are open to them.


Please come back and complain when the transaction is reversed and puts you in debt and your friend dissapears.

swaydog

Carrot007 wrote: »

Wheather it seemed dodgy to you or not is irrelevant.


Hopefully it is just bad luck.


Otherwise maybe your friend !!!!ed you over. It happens.


You are quite frankly overracting to a normal process. Yes it is not nice. But if you do such things you are open to them.


Please come back and complain when the transaction is reversed and puts you in debt and your friend dissapears.

I said from the start I'll deal with the issue.
This thread is about my mums account being dragged into it and what is likely to happen to it given it wasn't involved in any way

Wouldn't they reverse the original transfer, that went into my friend's account?

Carrot007

swaydog wrote: »

I said from the start I'll deal with the issue.
This thread is about my mums account being dragged into it and what is likely to happen to it given it wasn't involved in any way

It is not your mother's account. It is a joint account.


If you wanted the account to be free from any consequences you have you would not have made it a joint account.


It is perfectly normal for the bank to freeze all accounts you have while under investigation. There is nothing you can do about this.


You and your mothers credit record are also linked by this account so ghopefully for her this will turn out well.


Joint accounts do not have a single owner. I mena the clue is in the name.


Hopefully your mother also has an account of her own as backup. It would be crazy not to.

Carrot007

swaydog wrote: »

Wouldn't they reverse the original transfer, that went into my friend's account?

Yes they would, which would then reverse the transfer into yours.


As such your friend should reimburse you. But will they? (only they know if they have done anything dodgy)