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Lloyds bank account closure
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Deleted_User said:Olinda99 said:"Sounds like from what you posted you broke Lloyds T&C's of your personal ..."
It shouldn't have to 'sound like' - the customer should be told why the account was closed.
If we reasonably think that:
• there is illegal or fraudulent activity on or connected to the account;
• you are or may be behaving improperly (for example, in a threatening or abusive way);
• by continuing the agreement we (or another company in the Lloyds Banking Group) may be exposed to action from any government, regulator or other authority or may break a regulatory requirement; or
• you have seriously or repeatedly broken this agreement in anyother way- Notice - NoneAny other reason. - Two months (in writing).IMHO, "to simply dissolve" falls under "any other reason"Immediate closure implicitly accuses the customer of breaking the agreement or illegal/fraudulent activity.If it's the former, then there is no reason to keep the reason secret. Even if it's the latter, general "illegal/fraudulent activity" can't be seen as "tipping".So, IMHO, the bank's behaviour is nowhere close to declared "reasonable".0 -
Judging by the OP's posts in other threads about debt problems and overdrafts with other banks and the mention of an overdraft in this case I'd guess that it is to do with how it's been managed and Lloyds has decided to draw a line under it.0
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Well, if this is the real reason, they MUST have given a two-month notice.
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Sounds like OP Has miss managed his Business O.D and savings & Broke T&C's that's why Lloyds closing his account and demanding O.D Being paid back ASAP/within 2 months0
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wmb194 said:grumbler said:Well, if this is the real reason, they MUST have given a two-month notice.
wmb194 said:Judging by the OP's posts in other threads about debt problems and overdrafts with other banks and the mention of an overdraft in this case I'd guess that it is to do with how it's been managed and Lloyds has decided to draw a line under it.I disagree. The OP states "all of the sudden, everything gets closed. My cards no longer work, online banking has been taken away."Overdraft can be withdrawn and some time can be given to pay it off. Closing "everything" requires a two-month notice.0 -
grumbler said:wmb194 said:grumbler said:Well, if this is the real reason, they MUST have given a two-month notice.
wmb194 said:Judging by the OP's posts in other threads about debt problems and overdrafts with other banks and the mention of an overdraft in this case I'd guess that it is to do with how it's been managed and Lloyds has decided to draw a line under it.I disagree. The OP states "all of the sudden, everything gets closed. My cards no longer work, online banking has been taken away."Overdraft can be withdrawn and some time can be given to pay it off. Closing "everything" requires a two-month notice.0 -
That was my original point - we don't know only because of Lloyds' arrogant and caddish behaviour. I absolutely agree with other posters that mass media attention needs to be drawn to this sort of behaviour.
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grumbler said:That was my original point - we don't know only because of Lloyds' arrogant and caddish behaviour. I absolutely agree with other posters that mass media attention needs to be drawn to this sort of behaviour.
The one thing that caught my eye and hasn't been explored is why they applied for a protective CIFAS registration. People don't just do that for no reason, is the reason they felt the need to apply for it, the reason that Lloyds have closed the accounts.
Without the information as to why they applied for a protective CIFAS or knowing exactly what Lloyds have said (rather than a summary interpretation) it is not possible to give any meaningful help3 -
I had never heard of "protective CIFAS" and had to google it.
That might well be cause for concern and a red flag to any bank?"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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