Just got Cifas Marker removed

MattMattMattUK

You also need to consider the time interval, if they said they would remove it and you applied for a new account straight away then that would likely not have had enough time for it to have been processed, you probably need to leave it at least a month. Also, little point in applying to Monzo again as they will now have an internal record of declining you. 

If I were in your position I would wait at least a month, run the CIFAS SAR again to make sure it is clear, then apply for a basic current account with a high street bank once it comes back clean. 

nyermen

Cant speak for cifas specifically, but in general for credit agencies, the feeds aren't real time except for actual credit checking.
So any markers being put on or removed can take up to a month or more to be updated on the file.

Rt0168

Sncjw said:

What kind of account were you trying to open? 

A current account with monzo 

Rt0168

MattMattMattUK said:

You also need to consider the time interval, if they said they would remove it and you applied for a new account straight away then that would likely not have had enough time for it to have been processed, you probably need to leave it at least a month. Also, little point in applying to Monzo again as they will now have an internal record of declining you. 

If I were in your position I would wait at least a month, run the CIFAS SAR again to make sure it is clear, then apply for a basic current account with a high street bank once it comes back clean. 

Ok, thanks I will do that I ran a DSAR check as soon as my bank emailed me saying that they removed the CIFAS marker so I probably need to wait a month before trying again to see if they have removed thanks any more information please do tell me also do you recommend opening a basic bank account or a current account when the marker is removed 

Rt0168

MattMattMattUK said:

You also need to consider the time interval, if they said they would remove it and you applied for a new account straight away then that would likely not have had enough time for it to have been processed, you probably need to leave it at least a month. Also, little point in applying to Monzo again as they will now have an internal record of declining you. 

If I were in your position I would wait at least a month, run the CIFAS SAR again to make sure it is clear, then apply for a basic current account with a high street bank once it comes back clean. 

Hi thanks, Do you recommend starting of with a basic account and how long should I use a basic account till I cans switch to a current account also what is the difference between a current account and basic one thanks 

MalMonroe

Hi, here is some helpful info about basic accounts, when you are ready to open one, from this very site -

https://www.moneysavingexpert.com/banking/basic-bank-accounts/

There's no set time difference that I'm aware of. I had a basic bank account some years ago when I was in dire financial straits and now I have managed to turn things around I have a 'normal' current account. 

Here's some more info about accounts generally from this site too -  https://www.moneysavingexpert.com/bank-accounts/

Hope that's helpful.   

theoretica

Many banks, Monzo included, have special accounts for 16/17 year olds and will not give standard accounts until you are 18.

Ycartune

MattMattMattUK said:

You also need to consider the time interval, if they said they would remove it and you applied for a new account straight away then that would likely not have had enough time for it to have been processed, you probably need to leave it at least a month. Also, little point in applying to Monzo again as they will now have an internal record of declining you. 

If I were in your position I would wait at least a month, run the CIFAS SAR again to make sure it is clear, then apply for a basic current account with a high street bank once it comes back clean. 

Hi I’ve also had my cifas marker removed recently and I am still having issues opening an account my bank just emailed me saying they had removed the marker with no other information saying on when it will be removed from the cifas database as I ran a DSAR check straight after they informed they removed it and it still came up as I still have the marker on my record, also I tried calling my bank they said they will email me back with more information on what’s happening and that was 7 days ago and still they have not sent anything please 🙏🏻 could you inform me on what to do as they had said they removed it but noting happened thanks..

KoshB5

nyermen said:

Cant speak for cifas specifically, but in general for credit agencies, the feeds aren't real time except for actual credit checking.
So any markers being put on or removed can take up to a month or more to be updated on the file.

Cifas isn't a monthly feed, CRA's get Cifas data by making a direct call to their system, so have up to date status, given the importance of the Cifas marker to Cifas member organisations. 

Rt0168

KoshB5 said:

nyermen said:

Cant speak for cifas specifically, but in general for credit agencies, the feeds aren't real time except for actual credit checking.
So any markers being put on or removed can take up to a month or more to be updated on the file.

Cifas isn't a monthly feed, CRA's get Cifas data by making a direct call to their system, so have up to date status, given the importance of the Cifas marker to Cifas member organisations. 

So why wasn’t my cifas marker instantly removed when my bank told me they removed it, but when I done a dsar check it still came back as I still have the cifas marker on my record so what’s happening?