Child account is blocked

superM

Hi, 

My child 14 years old has a TSB account, which has been blocked because of a credit of £5 to the account. What he told me he sold something through tiktok, and communication was through Snapchat. He is unable to contact that person through Snapchat now. 

TSB said to provide evidence where £5 came from and reasons. If he is unable to provide the evidence his account will be closed within 14 days. 

I think the account will be closed because of limited evidence. 

Can 14 years old get a CIFAS entry. I have read posts on this forum when their account has been blocked, but amounts are allot higher, and there are adults. 

Thanks

Hoenir

Not the amount involved that matters it's the principles involved. Have you discussed the implications of being a money mule with your child and warned them of the consequences. Number of children aged 14-18 becoming involved has increased significantly in the last few years. . 

superM

Hoenir said:

Not the amount involved that matters it's the principles involved. Have you discussed the implications of being a money mule with your child and warned them of the consequences. Number of children aged 14-18 becoming involved has increased significantly in the last few years. . 

I have warned him and told him that he must not give his bank details to a stranger.  

He has some mental health problems and does things without understanding the consequences of it.  

I read online that cifas can only be applied to 16 years and over.  Is that correct.  

Thanks 

ForumUser7

superM said:

Hoenir said:

Not the amount involved that matters it's the principles involved. Have you discussed the implications of being a money mule with your child and warned them of the consequences. Number of children aged 14-18 becoming involved has increased significantly in the last few years. . 

I have warned him and told him that he must not give his bank details to a stranger.  

He has some mental health problems and does things without understanding the consequences of it.  

I read online that cifas can only be applied to 16 years and over.  Is that correct.  

Thanks 

I don’t know about CIFAS that much, so will leave another member to comment on that.

Regarding your son however, it would be a good idea to tell the bank about his circumstances and request a ‘Vulnerable Customer Care Marker’ is added onto the account.

M25

Let the account get blocked.

I wouldn't be able to sleep at night knowing my child had a banking facilty that I did not fully control.

"What else has been happening?" I'd be thinking.

You're responsible for your child,

Emmia

M25 said:

Let the account get blocked.

I wouldn't be able to sleep at night knowing my child had a banking facilty that I did not fully control.

"What else has been happening?" I'd be thinking.

You're responsible for your child,

The trouble with this, is that soon enough the 14 year old will be an adult and will therefore need to know how to manage their own financial affairs, without parental input.

You can't helicopter parent forever, children become adults and must make their own mistakes... Hopefully learning from them.

As a parent of a teenager you should guide, not decide.

born_again

superM said:

Hi, 

My child 14 years old has a TSB account, which has been blocked because of a credit of £5 to the account. What he told me he sold something through tiktok, and communication was through Snapchat. He is unable to contact that person through Snapchat now. 

TSB said to provide evidence where £5 came from and reasons. If he is unable to provide the evidence his account will be closed within 14 days. 

I think the account will be closed because of limited evidence. 

Can 14 years old get a CIFAS entry. I have read posts on this forum when their account has been blocked, but amounts are allot higher, and there are adults. 

Thanks

No offence here,
There has to be more than a £5 credit causing the block. Unless the account it came from is also being shut down for being used illegally.

Has payments also been made out to random people?

Do you have proof as far as the sale on TicToc goes? Clearly snapchat is no go given the way it works. Hopefully they would take proof of sale, 

As a closure in 14 days is at the extreme end of closures.

No idea if CIFAS marker would be placed. But the amount of funds has not bearing on the marker, it is the offence that will cause the marker.

As a parent there is only so much you can do as far as educating you children about issues like this. You can not police their accounts 24/7. 
This is where education in schools really should come into play to ensure our children are educated about financial matters & the dangers involved.

Hoenir

superM said:

Hoenir said:

Not the amount involved that matters it's the principles involved. Have you discussed the implications of being a money mule with your child and warned them of the consequences. Number of children aged 14-18 becoming involved has increased significantly in the last few years. . 

I have warned him and told him that he must not give his bank details to a stranger.  

He has some mental health problems and does things without understanding the consequences of it.  

Targetting of vulnerable individuals is unfortunately the way of the world. Limiting potential exposure is sometimes all one can do. 

sheramber

superM said:

Hoenir said:

Not the amount involved that matters it's the principles involved. Have you discussed the implications of being a money mule with your child and warned them of the consequences. Number of children aged 14-18 becoming involved has increased significantly in the last few years. . 

I have warned him and told him that he must not give his bank details to a stranger.  

He has some mental health problems and does things without understanding the consequences of it.  

I read online that cifas can only be applied to 16 years and over.  Is that correct.  

Thanks 

He has some mental health problems and does things without understanding the consequences of it.  

Is giving access to a large amount of money a good idea if he does not  understand the consequences of his actions?