Blocked from my current account after following a link on MSE for easy access saver

etienneg

Bigwheels1111 said:

You are with Santander, I feel for you and the pain you may experience in the near future.

This is normal, I have 20/30 bank and savings accounts.

It always goes on when first making payments.

Some banks are better than others.

Reading on here Santander are not good.

Santander do seem quite strict on this, which I agree with based on experience. NatWest and Lloyds have been named on this thread as strict, although I have no experience of this with either.

Judging from the number of organisations you deal with, you have much more experience than I have, though! You say "Some banks are better than others." Are you able to elaborate, particularly as to ones that are especially strict or especially lax?

wiseonesomeofthetime

Co-op were so strict I had a twenty minute conversation with their fraud team when I tried to transfer their incentive bonus OUT of their current account, to another current account in my own name!

TSB blocked my card after I made a few £1 debit card deposits to my YBS account the day before, causing an issue for me in the supermarket, until I sussed out what had gone on. No contact to tell me card blocked, until about an hour AFTER the checkout ordeal.

Chase blocked a payment to a main dealer for a pre-owned car, until I answered a load of questions (2022) and then it still didn't clear for 48 hours!!!

Virgin blocked my ISA transfer to YBS. Still never got to bottom of reason why.

So, there are a few doing it, it's just the experience you endure at the time. Some are politer and more expedient than others.

Remember, it is US they are protecting by doing this, or at least that is what we are lead to believe

Barkin

Bigwheels1111 said:

It always goes on when first making payments.

You've said this before but, as I've responded previously, it doesn't.

Bridlington1

I've been using Santander as one of my main nominated accounts for over a year and the most stringent check they've ever done on any of my payments is sending me a OTP before making the payment (but never actually blocking it though). I've regularly bounced 4 and low 5 figure sums through the account with no issues whatsoever. 

I bounced over £250k through Lloyds in a single year before I was banned from LBG (many times more than my total savings and certainly much more than my total annual income) and they never blocked any of my payments.

HSBC froze my current account for 23 days in February 2022, Virgin froze all of my accounts for 4-5 days the following month, Halifax blocked one of my payments a few months later but since then all I've had is a few debit card payments which have required me to answer ``Yes" to a text to confirm it was me making the payment so I've been quite lucky in some respects. 

The way I see it regardless of which banks you use there is a risk of getting payments blocked at some stage so I just ensure all my banking affairs and nominated accounts are fairly spread out over multiple banks/building societies so that if one get frozen I can still access most of my money.

molerat

I think you need to change the title of the thread, this has nothing whatsoever to do with following a link from MSE.  It is purely about transferring money to a new account.

the_abbot

molerat said:

I think you need to change the title of the thread, this has nothing whatsoever to do with following a link from MSE.  It is purely about transferring money to a new account.

Well, one did follow from the other, and I have followed MSE links on multiple occasions without this problem. I am not meaning to imply an issue with MSE links, I just thought I ought to let the MSE website administrators know my recent experience, as I was rather shocked, but based on responses, it seems my experience is not so unusual. Indeed, I now see (from an unsolicited source while checking one of my credit card accounts) that my credit score has reduced from 999, which it's been for as long as I can remember, to 663 ...?! coincidence??
Presumably, it's just the way things are these days.
I guess if MSE are bothered, they'll ask me through official channels to change it.

Bigwheels1111

Barkin said:

Bigwheels1111 said:

It always goes on when first making payments.

You've said this before but, as I've responded previously, it doesn't.

The first 2 payments are the issue.

Be it £1 or £100 for the first, the second one is stopped or held.

Who knows its like Russian roulette.

Ive moved 85k and all was fine, £10 held fro fraud checks.

mebu60

Bigwheels1111 said:

You are with Santander, I feel for you and the pain you may experience in the near future.

This is normal, I have 20/30 bank and savings accounts.

It always goes on when first making payments.

Some banks are better than others.

Reading on here Santander are not good.

Not true. And I am with Santander.

Bigwheels1111

mebu60 said:

Bigwheels1111 said:

You are with Santander, I feel for you and the pain you may experience in the near future.

This is normal, I have 20/30 bank and savings accounts.

It always goes on when first making payments.

Some banks are better than others.

Reading on here Santander are not good.

Not true. And I am with Santander.

Me too.
Still don’t trust them, not to lock my account at a moment’s notice.

Chloe_G

I opened an account with Close Brothers and moved £1 into it. They returned it as it was below the minimum balance to fund the account. However at least I knew it had got to the right place so I felt happy to move a larger amount.