Halifax Closing Current Account

18cc

Yes it could be something as simple as they have spotted that you are using the account to feed various other accounts and are just getting a bit fed up of that

to be fair it is pretty much what everybody on this board is doing but maybe you have just got caught out I really wouldn't worry about it

I don't think it is anything that is in anyway fraudulent or illegal or anything like that and I certainly wouldn't lose any sleep on it just move away from them and move on

manana springs to mind

agrinnall

Don80 wrote: »

Check your credit files to see if there has been a CIFAS marker put on your file.

I'm not sure that a CIFAS marker will show on a credit file, the usual advice is to submit a SAR to CIFAS.


https://www.cifas.org.uk/contact-us/subject-access-request

quirkydeptless

Starting to get a bit nervous this banking group is going to have me on it's hit list some time :eek:


To be fair, I only opened the Halifax one to get the switching bonus and £2 a month, and swap £1500 with Lloyds Bank to satisfy pay ins (got my free Cinema tickets for the year )

It's not difficult to spot a banking tart (no other reason for them to close me down).


Maybe I should close the Halifax one once I get the final switch bonus, unless they get me first :think:

YorkshireBoy

agrinnall wrote: »

I'm not sure that a CIFAS marker will show on a credit file

There's certainly a CIFAS section towards the bottom of an Experian credit report. Thankfully mine shows "0 records found".

SnowTiger

StarShapedPeg wrote: »

We received two letters from Halifax yesterday saying that after a review of our accounts, they can no longer maintain a banking relationship with us and therefore will be closing our account in 65 calendar days from the date of the letter. They urge us to give this letter our urgent attention and seek alternative arrangements.

If they were closing your account because of (suspected) fraud they would suspend it immediately.

The fact they've given you notice suggests that, for whatever reason, they don't want you as a customer any longer.

I wouldn't lose any sleep over it. The decision is likely to have been made by a computer and isn't personal.

Ben8282

StarShapedPeg wrote: »

It did occur to me that perhaps I do have too many accounts but use them to earn interest; tsb earns 3% on £1500 etc etc. My Halifax account feeds all these other accounts and the regular savers, and its the only account that I use to shop with.

But I’ve been doing this for years, perhaps Halifax just got fed up! I have an awful lot of untangling to do in the next two months.
Thanks again, all very helpful.

You say the Halifax account is the account that your wages are paid into, the account that your bills are paid from and now you say it is the account that you use for your shopping. Based on this, I don't think that Halifax have got fed up with you
I note that you have avoided the question of why your wages are paid into a joint account when all the other accounts are presumably sole accounts. Most people would have their wages paid into a sole account and transfer an appropriate amount to the joint account to cover bills and shopping etc. You have also avoided responding to the question of the possibility that this action on the part of Halifax is connected to the second account holder rather than you.

Thrugelmir

StarShapedPeg wrote: »

But I’ve been doing this for years, perhaps Halifax just got fed up! I have an awful lot of untangling to do in the next two months.
Thanks again, all very helpful.

With increasing regulation being placed on the banks. Easiest approach is to kick account holders into touch. The fact that your activity has come to their attention means that they are monitoring your account. In itself at a cost. While the UK enjoys current account free banking at the current time. Losing unprofitable customers off their books seems a pragmatic approach.

tg99

This thread may be useful from when my accounts were closed. Like you I had notice given rather than being closed immediately. Never had any CIFAS and all my other bank accounts outside LBG were unaffected.

https://forums.moneysavingexpert.com/discussion/5407611/halifax-and-bos-closing-my-accounts

xylophone

tsb earns 3% on £1500 etc etc.

5%.......

I have Lloyds, BOS and Halifax accounts......will I be next on the list?:eek:

quirkydeptless

I've shut down using Lloyds as my banking tart hub, and moving it to Tesco which even when it drops to 1% will do the job.


Will keep Halifax until I get the switch bonus, and then decide whether to keep the £2/month Reward going.