blocked lloyds account

Thrugelmir

lloydusage said:

Yeah I realized this was pretty kind but naive of me. I did check on the website but it only talked about first party fraud. I will fight my case but I just want to prepare myself for the worse and know how long the cifas marker would last.

There's no case too fight. As it's the bank's that are waging war on money mule accounts. 

george9071

NedS said:

george9071 said:

Take this as a lesson not to give out your bank details to ANYONE...

One wonders how you are supposed to perform any transactions if you are not able to give out your account number and sort code?

A work colleague and I went out for lunch at Weatherspoons last month. He ordered on the App and paid, I took his account details and sent him payment for my half. Should he have been more cautious and insisted payment in cash? Both being over 50's, we thought we were being tech savvy and were quite impressed with ourselves. How would he be expected to know whether or not I was a fraud risk?

Nobody knows what is being put in to their account, even if they know them well.

mwarby

A weatherspoons lunch and drinks I’m guessing £10-50 being your share, I suspect that amount is too low to be money laundering (unless you do it many times a day for days). 

Ed-1

mwarby said:

A weatherspoons lunch and drinks I’m guessing £10-50 being your share, I suspect that amount is too low to be money laundering (unless you do it many times a day for days). 

The amount is irrelevant. It's the source that matters.

lloydusage

I appreciate everyones response. I am made to believe that the money came from the cousin, but if my account is getting blocked then there's something wrong. Yes I admit I shouldn't have given him the £500 but at that time I wasn't thinking much of it as I thought he was my friend and he wouldn't do me like that. (I guess you can never trust anyone). I'm just wondering if I manage to get the £500 and give it back to the bank and let them return it to wherever it came from or keep it( Idm what they do with it) that they would discard everything. Whats worrying me the most isn't the bank account closing as I can get a card from anywhere else, I'm just scared about the CIFAS as it'll mean my whole lifes ending just when it's beginning to start.  

AstonSmith

lloydusage said:

 I'm just wondering if I manage to get the £500 and give it back to the bank and let them return it to wherever it came from or keep it( Idm what they do with it) that they would discard everything.

It wasn't the money itself that caused the account closure, but rather the money mule activity. The bank doesn't know or care if you were in on it or not, but in any case you're now linked to a possible chain of fraudulent money.

Unfortunately I suspect you might be in for a difficult 6 years, but it won't end your life. Sometimes people manage to open simple accounts (like pre-pay cards) despite having CIFAs markers. And it is also still possible that Lloyds haven't filed such a marker, leaving you free to open a new ordinary account with a non HBoS group bank.

lloydusage

Unfortunately I suspect you might be in for a difficult 6 years, but it won't end your life. Sometimes people manage to open simple accounts (like pre-pay cards) despite having CIFAs markers. And it is also still possible that Lloyds haven't filed such a marker, leaving you free to open a new ordinary account with a non HBoS group bank.

I don't want to seem as if I'm arguing but it'll end all my opportunity when I need it the most. I have worked hard during my gcse and a levels and managed to get my self to university and I'm doing economics with maths. Most people where I'm from don't even make it to university. I want to go to a finance type of industry and its mandatory for them to check if I have CIFAS and will mean I won't get any placement or job after degree which literally is ending my life. If I can explain that to them and I'm a victim in this they would take it into account. 

eskbanker

lloydusage said:
I want to go to a finance type of industry and its mandatory for them to check if I have CIFAS and will mean I won't get any placement or job after degree which literally is ending my life.

No it isn't - not being able to follow your career path of choice would be sub-optimal, but in the context of everything else going on in the world, there are many people who'd find that being casually equated with 'literally ending your life' as pretty offensive....

lloydusage

No it isn't - not being able to follow your career path of choice would be sub-optimal, but in the context of everything else going on in the world, there are many people who'd find that being casually equated with 'literally ending your life' as pretty offensive....

yh your right my bad, wrong choice of words. 

DCFC79

Your life hasn't ended, all depends if a CIFAS will be applied but I suspect it will be.