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Bank accounts closed for a 19 yo - apparently fraud

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  • Nasqueron
    Nasqueron Posts: 10,750 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lr1277 said:
    I googled: Can I open a basic bank account with a CIFAS marker

    This result suggests a basic bank account is not automatic nor impossible:

    I have no idea as to the accuracy of the site to which  have linked.

    Other results suggest it is impossible i.e. can only get a savings account. If in this position you should do your own research.

    Edited to add: there was a tv show about this in about 2018. On it a policeman suggested this be reported as fraud with the account holder as the victim. I don't know how far somebody would get if they reported ths to their local police force.
    You can get a basic account with extremely limited functionality e.g. get wages in, pay bills with with a CIFAS

    It is fraud but it's also being an accomplice to theft/money laundering. OP son has been paid a fixed amount (maybe £50, £100?) to move money around to keep it from whoever it was stolen from. Ignorance is not a defence 

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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