Ttttyy gyg

amataa

Yyyyyyyy tyyyy yyyyy yuu

pmduk

It's obviously possible for this to happen as they've done it. They may be unsure of the original source of the funds.

Browntoa

Large money transfer , possibly soon after a large deposit of funds 

Banks fraud algorithm has flagged something

Shakin_Steve

There really isn't enough information in that post for anyone to form an opinion. If you're looking for information, help or advice then please refrain from posting a couple of sentences that mean absolutely nothing. 

If the bank has frozen your account, there's a lot more to it than you're telling.

blue.peter

Is it possible that they suspect money laundering? Or that some computer algorithm does? If this is the problem, they're actually prohibited by law from telling you (the offence is known as "tipping off"). Transferring money back and forth between banks - especially if the amounts are large - might look like layering.

fenwick458

yeah theres probably something you're not telling us here. it's quite common for a bank to suspect money laundering and freeze and account, but whenever it's happened to me I just had to prove the source of funds and explain why I was transferring money around like that, (and in my case it was moving money between accounts to qualify for a switching bonus) and then once they check that out and are happy with it, several weeks later, they unfreeze the account.
it's not very common for them to just close one down because you've transferred money between them.

colsten

It seems possible that your account will be closed because you breached the T&Cs and used a personal account for business purposes.

No point in "fighting" as you won't win if you have breached T&Cs.

Your best course of action seems

1. if you haven't already got one, get yourself a personal current account somewhere else. Don't use that account for business
2. get yourself a business account for your business transactions
3. don't make any "listen mate" posts if you want help from people

Thrugelmir

"Business use" plus in and out same day transfers. Not usual retail customer behaviour. Banks do not have the time to mess around under KYC. 

colsten

amataa said:

I’m a sneaker reseller and I tend to get paid through PayPal where I transfer my money from my balance to my Santander account , I’ve done this many times to be straight with payments up to 1050.

That sounds like business purposes. 

In any case, even if it is not, Santander didn't like the transactions you made and don't want your custom any longer. 

amataa

colsten said:

It seems possible that your account will be closed because you breached the T&Cs and used a personal account for business purposes.

No point in "fighting" as you won't win if you have breached T&Cs.

Your best course of action seems

1. if you haven't already got one, get yourself a personal current account somewhere else. Don't use that account for business
2. get yourself a business account for your business transactions
3. don't make any "listen mate" posts if you want help from people

Thanks so much buddy 👀I’ve got a starling business  account, I guess have to actually use my business account now, I’ll just try and fight for my account back as I have spent a lot of money through Santander. I’ll use my NatWest monzo and extra for now but really disappointed the bank take me for a fraudster when first hand, asked if I was a victim of such fraud.

Thrugelmir

amataa said:

colsten said:

It seems possible that your account will be closed because you breached the T&Cs and used a personal account for business purposes.

No point in "fighting" as you won't win if you have breached T&Cs.

Your best course of action seems

1. if you haven't already got one, get yourself a personal current account somewhere else. Don't use that account for business
2. get yourself a business account for your business transactions
3. don't make any "listen mate" posts if you want help from people

Thanks so much buddy 👀I’ve got a starling business  account, I guess have to actually use my business account now, I’ll just try and fight for my account back as I have spent a lot of money through Santander. I’ll use my NatWest monzo and extra for now but really disappointed the bank take me for a fraudster when first hand, asked if I was a victim of such fraud.

The bank aren't saying anything about you as such. They simply don't have the time or resource to investigate. Far simpler to invoke the contractual account terms which you agreed to when you opened the account. 
If you are trying to hide your business activities. Paypal do report data to the HMRC.