Closed current account 8 December 2022 at 5:27PM in Budgeting & bank accounts 5 replies 341 views

mwatkins123

I've just had Santander close my current account due to a decision end, would this affect me if I was to say apply for a mortgage with them in the future?

Ebe_Scrooge

Depends.  What was the reason they closed your account?

eskbanker

mwatkins123 said:

I've just had Santander close my current account due to a decision end, would this affect me if I was to say apply for a mortgage with them in the future?

I don't know what that means, did they use that actual wording?  Did they give you advance notice of closure or was it immediate?

mwatkins123

Just over the phone that the decision has been made to close my accounts and to await a letter in the post

Ebe_Scrooge

mwatkins123 said:

Just over the phone that the decision has been made to close my accounts and to await a letter in the post

In that case I suspect you'll have to wait for the letter to arrive.  Without knowing their reasons, all anyone here can do is speculate.  Maybe you've been flagged as carrying out fraud or money laundering.  Maybe you've been flagged up on Cifas.  Maybe you've just broken one of their T&Cs.

And without knowing the reason, it's impossible to speculate as to whether that would affect any future mortgage applications - whether with them or anyone else.

lhwrandal

@mwatkins123

My Santander cards were blocked suddenly and their security team also said they will close my current account and credit card that I opened few weeks ago.  I am traveling overseas now so quite frustrated to hear that.  I did nothing wrong apart from transferring £50 from my other account.

May I know how did you end up?  Did you manage to talk to them?