Barclays Bank account froze

wizzywig27

EachPenny wrote: »

I suspect the OP's holiday was going to cost rather more than £5.

He wasnt referring to the holiday when he said they were trying to circumvent the T&Cs though, he was referring to betting T&C's

EachPenny

wizzywig27 wrote: »

He wasnt referring to the holiday when he said they were trying to circumvent the T&Cs though, he was referring to betting T&C's

There's a difference between you lending a mate £5 to put a bet on, and a loan of hundreds (or thousands) of pounds for the purpose of betting.

It opens up the potential for money laundering, for people to circumvent bans from using the betting service, or to allow people to make bets they are not legally allowed to do.

Bookies have extensive terms and conditions governing who can and can't place bets, and usually require the money you bet to be owned by you.

Have a read of some of them, then have a think whether the company would be happy with someone placing a bet using someone else's money.

18cc

Yes agreed and I believe there was a recent story about a betting firm refusing to pay out quite a substantial win because the person didn't use their own money to place the bet

can't find it at the moment but I think that was the gist of the story

their terms conditions are very strict

wizzywig27

So, if I am legally now allowed to bet, for whatever reason, and I loan my mate a fiver (or even, lets say £500) to he can place HIS bet, is that then circumvention of the rules?

Or, in another situation, I give him £5/£500 because I am kind, what would that mean?

I am not trying to be awkward, just interested really

18cc

If it's truly a gift then it legally becomes his money and he can do with it as he wishes

EachPenny

wizzywig27 wrote: »

So, if I am legally now allowed to bet, for whatever reason, and I loan my mate a fiver (or even, lets say £500) to he can place HIS bet, is that then circumvention of the rules?

Or, in another situation, I give him £5/£500 because I am kind, what would that mean?

I am not trying to be awkward, just interested really

Unless it is a true gift, then the answer is probably conditional on whether or not he wins his bet.

efc140597

So you're saying if somebody said to me "Ive got no money, im really struggling, can you lend me £500 and ill give it back when I can" and I said "Yes of course, no problem".. Lent someone £500 and then they used it all to gamble, won £1000 a week later and then said "Thanks, I have some money I can send you your £500 back now" then T & Cs have been broken??

Surely if this is the case then the bank need to make more of a point of it because I am sure many people lend / borrow money that is used for gambling?

EachPenny

efc140597 wrote: »

Surely if this is the case then the bank need to make more of a point of it because I am sure many people lend / borrow money that is used for gambling?

It isn't the bank's T&C's that might be broken though, it is the bookies (and then only possibly).

The bank doesn't care if you lend a friend money. They worry about the source of funds being paid into the account and if they see unusual patterns of transactions. Perhaps more so on newly opened accounts.

takman

efc140597 wrote: »

Hi,

My step father recently opened up a Barclays Bank account so he could start some matched betting through it. I had lent him some money across from my bank account to his bank account as he was going to use it for matched betting, he started using it and then I decided I would like to book a holiday so needed some money back. We could not book it from his card as I was the lead person for the booking so he tried to send me the money back so I could book the holiday from my card. The transaction was blocked and he called Barclays, they were asking him why I had sent money one week and he was sending it back the week later and lots of other questions like it was wrong what we had done. They then informed him it was going to be investigated by fraud people. They closed his account and said he needed to come to a branch with 2 forms of ID. They then closed my account 2 days later and said I also needed to go with him to the branch with 2 forms of ID. The next available day we can both go to branch together is next week..

Has anybody experienced anything like this before or know what might happen next? We have been made to feel like criminals but I cannot see a problem in what has been done?

Please help as when I am looking online I am seeing comments from people who say that they will close both our accounts and then they will put a CIFAS marker on them and all other accounts will be closed? But we have done nothing illegal or wrong?

Thanks in advanced..

Was your step father really doing matched betting or were you simply opening an account in his name and using that to take advantage of the new customer offers all over again?

Did you log into your internet banking and then into his on the same computer / using the same internet connection multiple times?
If so this may have triggered a warning in their system that you have fraudulent opened the account in his name considering you were transferring large sums of money between his and your account. This would be even more likely the case if you also have a different address.

efc140597

Off to local branch now with step father with two forms of ID. Hopefully all will be cleared today and I will have access to my account again!

Will keep you posted with the outcome.