Closed bank account

Nasqueron

nyermen said:

Banks have more of a habit of closing accounts than maybe people realise - however, normally other accounts should be possible as they can't also put a marker on without good reason.

You need to find out what happened and challenge if possible. Some employers will also check for CIFAS markers before considering employment (eg. In the financial industry, or as a finance related role within a company).  Maybe not such an issue now, but they'll have the marker for 7 years potentially (depending on what the flag is, it can be less or more).

OP already stated it's exactly as I suggested in the second reply - her son has been involved with low level money laundering (though the idea they only received £120 and paid it out in cash is possibly a bit of a porky) and they have shut the account most likely with a CIFAS fraud marker which will prevent all but a basic account

mark_cycling00

It might be a good thing that this "issue" has been brought to your attention early. 

Let's say he was converting funds from someone into cash. Someone who needs to do that might be criminal and also very threatening. 

Please don't just think "nasty bank" without ruling out that your son might be in a very tricky situation and need your help. 

MeteredOut

Vinster24 said:

Bloody kids!!! 
Turns out his friend from school sent him money for him to get the cash out - he says it was £120 in total! (but who knows if this is the truth!)

Is there anything he can do to rectify? is there any basic bank account he can get?

Are you 100% sure if was a friend, and not someone who contacted him, or who he contacted after seeing social media post advertising how to make some money from a "side-hustle"?

Look into Money Muling, which is what he did (or what the bank thinks he did):

https://www.nationalcrimeagency.gov.uk/moneymuling

Not wanting to alarm you, but it can be (or lead to, if not stopped) a criminal offence. Time to ensure he's 100% telling you the facts.

Vinster24

Thank you everyone for your help