Santander are closing my business account

Slievecroob

After 6 yrs Santander  are closing my business  account for no reason and they don't have to give me one as its in their  Ts and Cs. Only reason i can see is the reduced turnover in the last year. Its a bit strange as I have a bounce back loan with them which the repayment  comes out of the account!!
Any body have similar experience?

log_splitter

i've started another thread, similar topic:

https://forums.moneysavingexpert.com/discussion/6311041/santander-business-banking-tax-details-request

Santander asked me to "Update Sole Trader Details", they want, Tax Number & Last Years Turnover & Next Years Turnover.

If I don't give Santander the info within 30days they will restrict usage of my bank account, so they say!!

Fortunately, I have an alternative bank account I could use, but I could do without the hassle!!

sheramber

Slievecroob said:

After 6 yrs Santander  are closing my business  account for no reason and they don't have to give me one as its in their  Ts and Cs. Only reason i can see is the reduced turnover in the last year. Its a bit strange as I have a bounce back loan with them which the repayment  comes out of the account!!
Any body have similar experience?

Links on Google under 'Santander update details letter. from previous years.

Ergates

log_splitter said:

Santander asked me to "Update Sole Trader Details", they want, Tax Number & Last Years Turnover & Next Years Turnover.

If I don't give Santander the info within 30days they will restrict usage of my bank account, so they say!!

Those sound like reasonable pieces of information for a bank to want to know about a business account - could you not supply them?