Ulster Bank has just closed my account

[Bradd]

Just thought id let you know as it was a recommended bank on the list

They haven't told me why juts said theyv reviewed my account and wev decided to close it

[Play]

If you elaborate, it will help others help you.

Did you do anything you shouldn't have done? i.e. open/close a tonne of accounts at the same time?

Put through too much money in one go?

Raise any red flags?

P.S. They're a part of Natwest, and i've been using Natwest for years without any issues*.

[Bradd]

Its part of Natwest and RBS Iv had the account for about 3 years its my oldest one Iv only used it for stealth and sending money to my suppliers ,,No not closed any accounts,,, Iv got about six sub accounts ,,,Not really put in to much money IN ONE GO either

[Play]

Originally Posted by Bradd

Its part of Natwest and RBS Iv had the account for about 3 years its my oldest one Iv only used it for stealth and sending money to my suppliers ,,No not closed any accounts,,, Iv got about six sub accounts ,,,Not really put in to much money IN ONE GO either

hmm... something must've flagged your accounts up. I've been using them for significantly longer without any issues to date.

Did you try reach out them?, did anyone let anything slip as to why this happened?

[Bradd]

Its a very basic account i cant even do a direct debt on it so may be its obvious to them that iv been using it for business and thats why theyv stopped it

Any one i spoke to said they dont have any information on there screen all they know is it been closed

[Play]

Originally Posted by Bradd

Its a very basic account i cant even do a direct debt on it so may be its obvious to them that iv been using it for business and thats why theyv stopped it

Any one i spoke to said they dont have any information on there screen all they know is it been closed

Did they say if you can still bank with them, i.e. if you decided to open a business account? or have they said you're not allowed to bank with them again, ever.

[Bradd]

No nothing Iv just been given a time to get my money out

[Play]

Originally Posted by Bradd

No nothing Iv just been given a time to get my money out

I'd just take your money and avoid using their services for a while.

There's plenty of other banks available. Barclays is a good alternative.

[Bradd]

Its like theyv divorced me

[Play]

Originally Posted by Bradd

Its like theyv divorced me

Time heals all wounds. Give them a little bit of space for the time being.

If/When you decide to reopen a bank, go with the business option, and go with one of the other banks in their group, i.e. avoid ulster altogether.

[sax4]

If they divorced you then your pants would be down and half your hard earned money gone

[Bradd]

Thats true maybe its just a permanent break up

[Bradd]

Now iv got only one bank account with TSB ..me transferring my money from Ulster to it .Plus my regular sales from this month will that flag them up ??

[Play]

Originally Posted by Bradd

Now iv got only one bank account with TSB ..me transferring my money from Ulster to it .Plus my regular sales from this month will that flag them up ??

Lloyds, TSB and Halifax have had reports of causing issues with mismatched names.

Have you not got any other banks? HSBC? Barclays?

[Bradd]

Iv just found out iv got a nationwide bank account i haven't used in 20 years but they said i can get that up and running again if i bring id to the bank

[Play]

Originally Posted by Bradd

Iv just found out iv got a nationwide bank account i haven't used in 20 years but they said i can get that up and running again if i bring id to the bank

If you're in the UK, you should be able to open an account with any major bank online without needing to step into a branch.

[Pandoras_box]

Originally Posted by Bradd

Its part of Natwest and RBS Iv had the account for about 3 years its my oldest one Iv only used it for stealth and sending money to my suppliers ,,No not closed any accounts,,, Iv got about six sub accounts ,,,Not really put in to much money IN ONE GO either

Your sins are terrible and it is just that you suffer!
I'm kidding.

I've had troubles with banks and stealth names in the past - so much that I only think of banks as PayPal 2.0 and you don't want to mess with banks. You do not want a bank to ever shut your account as they may share that information with other agencies even if you think the reason for closing your account is benign.


Here's what I do and it works for me:

1. I have a 'mother' bank account which is a business account. Business accounts shouldn't have any trouble receiving large sums of money if you have arranged with your bank prior... This adds a bit more security. Your taxes will be easier to sort and your accountant may even buy you a beer.

2. I have a max of 2 accounts with any stealth friendly bank I can find.
I don't bother with current accounts as they report to credit agencies, I stick to savings.

3. I always start with small deposits and let it sit there for a while.

4.
a. At this time, I never take in up to £5,000 per account monthly. If my PayPal takes in more than my personal threshold, I'll simply attach another bank account to it. With the VAT threshold now in place, these days I don't even bother. I just torpedo the sales from eBay to slow things down.
b. I never pay any supplier from my savings accounts. I only ever transfer to my business account.
c. I have a credible explanation of why my PayPal is in a 'pseudonym' just in case the banks decide to check with me - and they have



You can move a million in one year without having a single bank account closed.
You'd have to operate under the radar. Consider taking an objective look at your operation from a bank(ster)'s perspective.

There's no doubt the veterans on this website have more efficient ways in taking in much more without any trouble.

I wish you good luck and I hope you sort it out.

[No Joker]

c. I have a credible explanation of why my PayPal is in a 'pseudonym' just in case the banks decide to check with me - and they have


Can you share your explanation please?