Can my JISA be closed due to fraud on another account?

Jackling3

Long story short, I tried to do something stupid in hopes of quick money, I was caught, and Halifax closed my current account (rightfully so). They sent me a letter stating that they would close "all my accounts" (this was back in January) and they gave me 2 months to withdraw any credit. Months later, and I'm doing some paid work with hopes that all the money can be paid into my junior ISA (I'm 17). However, I realised they could've closed my JISA, as it might be included as one of my accounts? (I'm not too sure). The reason I neglected it back in January is because I'm not the registered contact for the JISA, my dad is. Additonally, they haven't sent any mail to my dad regarding the closure of my JISA since January, if it was closed at all (I'm certain of this). I'm panicking because I had savings in my JISA that I wouldn't be able to claim now because the 2 month period is over. Would they have closed my JISA for detecting fraud on my current account and suspending it?

I appreciate any replies

EDIT: I forgot to mention that I also checked the terms and conditions. It states that the account will only close if I die, get terminally ill, or turn 18.

fwor

As far as the bank's system is concerned, the JISA is an account that is controlled by your dad, but quite what will happen when you turn 18 is hard to predict. Under normal circumstances they would turn it into an ISA in your name. However, if we make a guess that you tried your hand at money muling and lost, there's no way that they will open an ISA in your name.

So it would probably be best to call Halifax and ask what they intend to do. I suspect that all that will happen is that you will be required to withdraw the funds within 2 months after you turn 18. Hopefully by then you will have sorted out a basic bank account with another bank while you wait the 6 years for the fraud record to drop off your history.

Jackling3

fwor said:

As far as the bank's system is concerned, the JISA is an account that is controlled by your dad, but quite what will happen when you turn 18 is hard to predict. Under normal circumstances they would turn it into an ISA in your name. However, if we make a guess that you tried your hand at money muling and lost, there's no way that they will open an ISA in your name.

So it would probably be best to call Halifax and ask what they intend to do. I suspect that all that will happen is that you will be required to withdraw the funds within 2 months after you turn 18. Hopefully by then you will have sorted out a basic bank account with another bank while you wait the 6 years for the fraud record to drop off your history.

Thank you for the advice. I will call them tomorrow and come back to say what happens.