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2 bank accounts closed
rybkapaulina
Posts: 3 Newbie
Within 14 months I had a second bank send me notice of closure. I have no idea why. Perfect credit score, no cifas nothing. No explanation. I am getting worried sick, how can I find out what is going on. I use 500+ trading account - all legit, but could this be a source? Also someone with really bad history lives on the same address but credit agencies don't associate him with me.
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Have you asked the bank why? Normally they would be able to give you some indication.
Some times it's because there's too much dodgy looking transactions (might be the case with 500+???). sometimes it's because there's been a number of disputes about transactions so the bank decides to let the customer go, sometimes it's because the customer is abusive in person or over the phone.
Or it could be that you live in the wrong place. I know some banks are closing account where the customer has an address in the EU.
If you provide a few more details maybe someone can help further.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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⭐️🏅😇🏅🏅🏅0 -
Given that Plus500 do crypto trading it is a possibility.rybkapaulina said:Within 14 months I had a second bank send me notice of closure. I have no idea why. Perfect credit score, no cifas nothing. No explanation. I am getting worried sick, how can I find out what is going on. I use 500+ trading account - all legit, but could this be a source? Also someone with really bad history lives on the same address but credit agencies don't associate him with me.0 -
Why not ask the bank? They are more likely to know than the helpful folks on here.0
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Because they tend not to share the reasons, in case the activity is fraudulent.Bradden said:Why not ask the bank? They are more likely to know than the helpful folks on here.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.2 -
And the bank keeping quiet is a sure sign of that.elsien said:
Because they tend not to share the reasons, in case the activity is fraudulent.Bradden said:Why not ask the bank? They are more likely to know than the helpful folks on here.I came into this world with nothing and I've got most of it left.1 -
Most banks appear to take a dim view of crypto trading, best to use something like PayPal for that.0
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