Natwest wickedly closed my acc after depositing BBL!

intorycoodle

I closely followed the steps set out to me by Natwest, it wasn't actually possible to get a BBL loan without a business account, and it wasn't actually possible to get a loan paid in to a personal account.

The feeder account was specifically opened by Natwest for me to receive my loan into, for it then to be fed into my business account.

intorycoodle

I'm not the only one who has had this problem, there are many of us.

I may be the only person so far who has actually received the BBL, and started using it, for it then to be taken away again.

[Deleted User]

intorycoodle said:

I'm not the only one who has had this problem, there are many of us.

How do you know that there are "many of us" who have had their BBL cancelled after issue and their banking services withdrawn?

Grumpy_chap

Was the BBL cancelled, or just frozen (along with everything else) once paid into the account?  Whatever balance remains will still need to be paid back.

Hasbeen

intorycoodle said:

Hasbeen, I've replied to your comment 3 times already but it's not showing up, so apologies if 4 replies show up all of a sudden...

Natwest agreed to open a business acount for me, in order to receive the loan from a newly opened feeder account, a feeder account isn't a personal account, it's purely for the function of feeding a loan into a business account.

No T& C's broken whatsoever.

Thank you for clarifying. Only this comment shows.  As no T&Cs were broken and they agreed to all. Then I suggest that you consider a written complaint to Natwest. But they do appear to be intransigent on matters such as this.

And they do have a very bad reputation for closing accounts. Hopefully this will not cascade into you having difficulties opening other accounts in future. Good luck!

onwards&upwards

Why are you assuming that closing your account means they will want the loan back?

Galloglass

and a letter sent to advise this decision and the next steps

Missing information and a lot of speculation. Best come back when you have the letter and the details. 

Do you happen to owe NW any monies? (More speculation ...)
https://www.stepchange.org/debt-info/debt-collection/right-of-offset.aspx

intorycoodle

MadMattUK said:

intorycoodle said:

I'm not the only one who has had this problem, there are many of us.

How do you know that there are "many of us" who have had their BBL cancelled after issue and their banking services withdrawn?

Because I've done a basic google search.

intorycoodle

onwards&upwards said:

Why are you assuming that closing your account means they will want the loan back?

I don't quite understand your question.

intorycoodle

Galloglass said:

and a letter sent to advise this decision and the next steps

Missing information and a lot of speculation. Best come back when you have the letter and the details. 

Do you happen to owe NW any monies? (More speculation ...)

Only what I've used so far from the BBL they gave me.