Barclays holding my business money, 500k overdrawn!

John_

socialchaos said:

Thrugelmir said:

socialchaos said:

Robin9 said:

Has your partner or you not  got a separate personal account to pay the home rent ?   

 It just seems funny though that the account was frozen within an hour of receiving money in from my customer in greece. 

How much do you know about your Greek customer. 

It's a medium-sized company, I trade in IT and im part of a network of traders. All of whom are recommended highly from the owner of the network and those that do improper business are banned, others in the industry have also recommended. 
For those who asked, its a business account, I've been trading since January this year.
I've done my 5 hours of being on hold today. Just don't think I'm going to get anywhere with it. Will try to get in some cash sales to keep things ticking over while whatever is going on with the bank comes to light.
Ive called the Fraud line, Telephony team and the usual number. Ive tweeted, direct messaged and emailed several times to no avail.
Suppose none of the previous posters have had any joys with this? Just the usual call, visit or email suggestions?

If this is such a highly select group, and you’ve only been trading for a couple of months before the pandemic hit then why would such a large loan be needed?

How about you stop drop-feeding information, like a teen girl on Facebook looking for a “You OK hun?” and set out all of the relevant facts in one post, as so far it sounds like utter hogwash.

Why did you need the loan, what is the withdrawal showing as, why don’t you have any savings, etc.

colsten

socialchaos said:

I trade in IT

What does IT stand for in this context? Investment Trusts? Information Technology? Internet Telephones? Iced Tea? 

colsten

John_ said:

why would such a large loan be needed?

There is no loan. Barclays seem to slam a minus £500k balance on accounts they are investigating. See second post in this thread.

socialchaos

How about you stop drop-feeding information, like a teen girl on Facebook looking for a “You OK hun?” and set out all of the relevant facts in one post, as so far it sounds like utter hogwash.

Came on here due to martin Lewis's reputation in the financial industry believing I'd get at least a little further than I have with the banks.
If I wanted sassy comments with a side of utter bitterness from some keyboard warrior looking to get in on the "drama" I would have gone on mumsnet. With the spirit of forums generally being about people seeking and providing help, I hope that your 547 posts get you somewhere in life. As to me you just sound like a [insert your choice of genitalia here]

billy2shots

OP, could it be something to do with Banks making sure the ‘bounce back loan’ is used correctly. 

You said that you received the loan and paid out for dads funeral from the account. I have no idea what the stipulations are for receiving the loan but a case could be made that it’s fraudulent taking the money for one thing (business need) then spending it on a family funeral. 

socialchaos

The funeral was paid for beforehand and very quickly replaced with personal & family funds. The bounceback loan was recieved and very little transactions were made other than my customer in Greece paying in.

DCFC79

Shakin_Steve said:

DCFC79 said:

I'm hooked and can't wait for the next update.

Sarcasm is the lowest form of wit....apparently 

It wasnt intended like that.

I am interested how it develops.

Shakin_Steve

DCFC79 said:

Shakin_Steve said:

DCFC79 said:

I'm hooked and can't wait for the next update.

Sarcasm is the lowest form of wit....apparently 

It wasnt intended like that.

I am interested how it develops.

Sorry 😊

colsten

colsten said:

socialchaos said:

I trade in IT

What does IT stand for in this context? Investment Trusts? Information Technology? Internet Telephones? Iced Tea? 

@socialchaos, have you overlooked my question?

AstonSmith

I would suspect something to do with the customer in Greece, given the timing. Perhaps your customer got the funds to pay you from somewhere possibly shady, e.g. converting bitcoins, or unusual cash deposit. The customer's account is frozen by their bank, who also asks any and all other banks involved to lock the trail of money so it can be checked, including yours.