Halifax/Lloyds closing my account in 60 Days!! Extremely worried about CIFAS

GeoffTF

The banks seem to be desperately keen to get us to do everything online, and not bother them with telephone calls or branch visits. Why would a bank want to permanently remove a customer's online access, and what grounds (if any) would they need to do that?

Section62

https://forums.moneysavingexpert.com/discussion/comment/81879248#Comment_81879248

Sharing log in details? Allowing others to have access to your accounts? Using online banking to do transactions the bank doesn't like?

If it becomes harder to offload customers because they have done something the bank doesn't like then a halfway would be to take online access away from them so they can't do the problematic things.

jamesaint

you can still have a cifas marker added to your name if the bank serve notice to close an account. That’s not uncommon. Speak to the bank and ask them what this means and why they are closing your account. If they don’t tell you which they actually may not, speak to CIFAS and see if they have registered a marker against you. If what you have said is absolutely true then they shouldn’t, and if they do you can appeal it. The burden of proof is on the bank to evidence why they have placed a cifas marker against you. Not on you to prove you have t acted fraudulently. If you have done nothing wrong and they have placed a marker, challenge it, if it’s not removed complain to the bank and if it’s still not removed, approach the FOS

jamesaint

https://forums.moneysavingexpert.com/discussion/comment/81863970#Comment_81863970

hmm, not necessarily true. Banks don’t just close accounts for no reason. They normally warn you of you’re using a personal account for business purposes first. They very much do still give you notice to close. It’s actually very rare to close an account with immediate effect and often results in upheld complaints at the FOS. Immediate effect means people can’t eat or pay bills, medicate themselves or attend important hospital appointments etc. banks generally give notice and most commonly 90 days even of fraud is evidenced .

jamesaint

https://forums.moneysavingexpert.com/discussion/comment/81877183#Comment_81877183

they’ve put a stop on your account activity too. This looks like you have had some money paid in to your account that has been flagged as suspicious. This could be first or second generation fraudulent funds. 1st is you’ve received money in and the person sending it has raised a claim to their bank, could be anything like they bought something off of Facebook and it hasn’t been delivered and now they’re blocked. Has a friend asked you to receive money for them or something similar? Second generation fraud is the same as the first, but the money has been paid through another account and then sent to you. Or money paid from your account to a destination they don’t like, ie to a known fraudster. Has the bank asked you any questions lately about funds moving through your account?

Middle_of_the_Road

Immediate effect means people can’t eat or pay bills, medicate themselves or attend important hospital appointments etc

If the person has only this one current account then yes. Everyone should have at least two accounts for this very reason.