At what stage do banks put CIFAS marker on? 1 February 2021 at 5:47PM in Budgeting & bank accounts 21 replies 2.4K views

PamelaW2000

hey MSE gang. 
recently had a letta from Halifax who said they are closing my accounts in 60 days. been googling and reading tales about why this happens to peeps. my worry is about these CIFAS markers and if I get one. not expecting one btw just to make that clear!! I have done a check with CIFAS through the website and had an email to say they don't have any data on me. 
my Q is when would Halifax put a CIFAS marker on if they were going to do it? Would they do it straight away or wait until after the 60 days? my info from CIFAS is dated about 10days after the Halifax letter. Do I need to do a check with CIFAS every few weeks in the meantime?
Thanks gang

Ed-1

PamelaW2000 said:

hey MSE gang. 
recently had a letta from Halifax who said they are closing my accounts in 60 days. been googling and reading tales about why this happens to peeps. my worry is about these CIFAS markers and if I get one. not expecting one btw just to make that clear!! I have done a check with CIFAS through the website and had an email to say they don't have any data on me. 
my Q is when would Halifax put a CIFAS marker on if they were going to do it? Would they do it straight away or wait until after the 60 days? my info from CIFAS is dated about 10days after the Halifax letter. Do I need to do a check with CIFAS every few weeks in the meantime?
Thanks gang

The CIFAS rules require a member to load the entry on to the database with 1 business day of the standard of proof being met.

What was the wording of your letter as there are 2 sixty day closure letters I am aware of from Halifax:

Which was yours?

PamelaW2000

It was the top one I got 

Ed-1

PamelaW2000 said:

It was the top one I got 

Takes into account everything about recent activity, credit reference agencies, fraud prevention agencies.
So you've got no CIFAS. Check National Hunter and Synectics Solutions too.

Thrugelmir

Only you know what has activity or conduct has caused the bank to close your accounts. CIFAS markers are very clearly defined. 

notveryeducated

Ed-1 said:

PamelaW2000 said:

It was the top one I got 

Takes into account everything about recent activity, credit reference agencies, fraud prevention agencies.
So you've got no CIFAS. Check National Hunter and Synectics Solutions too.

I believe you but how can you be so sure OP doesn't get a CIFAS marker from this? 

Ed-1

notveryeducated said:

Ed-1 said:

PamelaW2000 said:

It was the top one I got 

Takes into account everything about recent activity, credit reference agencies, fraud prevention agencies.
So you've got no CIFAS. Check National Hunter and Synectics Solutions too.

I believe you but how can you be so sure OP doesn't get a CIFAS marker from this? 

Because they've checked!

notveryeducated

Ed-1 said:

notveryeducated said:

Ed-1 said:

PamelaW2000 said:

It was the top one I got 

Takes into account everything about recent activity, credit reference agencies, fraud prevention agencies.
So you've got no CIFAS. Check National Hunter and Synectics Solutions too.

I believe you but how can you be so sure OP doesn't get a CIFAS marker from this? 

Because they've checked!

Oh right! Sorry mate, didn’t the whole thread properly. Also quick question - why would anyone (including yourself) want to open an account with a bank in the future which has closed theirs down? Why would you risk it again and it being a massive inconvenience (direct debits failing, etc)? 

Ed-1

notveryeducated said:

Ed-1 said:

notveryeducated said:

Ed-1 said:

PamelaW2000 said:

It was the top one I got 

Takes into account everything about recent activity, credit reference agencies, fraud prevention agencies.
So you've got no CIFAS. Check National Hunter and Synectics Solutions too.

I believe you but how can you be so sure OP doesn't get a CIFAS marker from this? 

Because they've checked!

Oh right! Sorry mate, didn’t the whole thread properly. Also quick question - why would anyone (including yourself) want to open an account with a bank in the future which has closed theirs down? Why would you risk it again and it being a massive inconvenience (direct debits failing, etc)? 

Rewards etc.

PamelaW2000

It's been well over a year since Lloyds Banking Group closed my accounts. I opened a new savings account with them earlier this year but anytime I try and register for internet banking it seems to associate with my closed accounts profile and tells me my online banking is suspended. My Q is, has anyone else opened new accounts with LBG following the closure process (above) and did you have to call them to get your internet banking unblocked etc. I want to apply for Club Lloyds again but obviously it's not much good if they won't unblock my internet banking.

wmb194

Given you said that you received the letter about your accounts being immediately frozen and then closed 60 days later following a "risk assessment ... highlighting concerns" I'd say you should forget about ever opening another account with Lloyds Banking Group.