Bank Closure

onlyfoolsandparking

boo_star wrote: »

I said it was anecdotal.

It's been rife here. Do a search for Lloyds and HSBC. It's hardly uncommon.

I was more interested in answering the OP,s question and reassuring him/her that if they have done nothing wrong they really shouldn't worry about it and hopefully it will get sorted for them, not interested in searching for Lloyds HSBC misdemeanours.

jonesMUFCforever

onlyfoolsandparking wrote: »

I was more interested in answering the OP,s question and reassuring him/her that if they have done nothing wrong they really shouldn't worry about it and hopefully it will get sorted for them, not interested in searching for Lloyds HSBC misdemeanours.

But IMO they should worry - the bank don't ask the questions and then let it drop if you do not reply - they will give you notice of closure.

onlyfoolsandparking

jonesMUFCforever wrote: »

But IMO they should worry - the bank don't ask the questions and then let it drop if you do not reply - they will give you notice of closure.

Well I cant disagree, you make a fair point. Of course I did say IF they have done nothing wrong none of us at this stage know that answer apart from the OP and its up to them whether they should or indeed need to worry about it all.


Personally I've never been a fan of worrying, I don't see the point in it as it invariably never reflects an outcome and as the saying goes 'I've worried about a lot of things in my life and some of them have actually happened' says it all really.

crispy_duck

boo_star wrote: »

Presumably because their policy is "no smoke without fire" rather than "beyond reasonable doubt."

That's not their policy, it's the law. They are required to take this action if they have a suspicion of anything amiss, not just if they can prove it beyond reasonable doubt. You may think this is unfair on the innocent, and you may well be right, but the bank can't unanimously change the law.

boo_star

crispy_duck wrote: »

That's not their policy, it's the law. They are required to take this action if they have a suspicion of anything amiss, not just if they can prove it beyond reasonable doubt. You may think this is unfair on the innocent, and you may well be right, but the bank can't unanimously change the law.

They're required to report any suspicions, that's it.

Unless you end up "helping the police with their enquiries" there's no reason why the account should be shut down, but it absolutely happens even when it turns out they've not done anything wrong.