At what stage do banks put CIFAS marker on?

artyboy

Not a mortgage but a related data point in that I became persona non grata to LBG quite a few years ago - got identical type #2 letters from Lloyds, Halifax and BOS on the same day. Nothing dodgy as such, but I was rather pushing my luck with numbers of accounts open to earn interest. C'est la vie.

Anyway, point being that I also had a Halifax brokerage account, and they couldn't simply shut that down - instead it was set as 'sell down only' and they wouldn't allow anything other than a basic service level - but crucially they also suspended the account fees. So I took great pleasure in maintaining the account for several more years, using what was basically a free custody service for my funds.

Never tried opening a new account - never wanted to, and suspect it wouldn't last that long in any case!

Boxingfergie

Ed-1 said:

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?

Hi. Is this 1 business day of the standard of proof being met rule still the case?