Forum

Originally Posted by solefoodbk (Post 1270146)

I would hate to try and build a business in UK.

Originally Posted by Ticamen0013 (Post 1270135)

Sole reason why many old members left this place to begin with. Forum housed with idiots which I can name 2 from UK, one from canada, one from Japan and the other from USA who makes threads: "What is your best AI prompts."

Originally Posted by solefoodbk (Post 1270146)

I would hate to try and build a business in UK.

Originally Posted by hello1212 (Post 1270143)

I doubt it's a BS story.

What's probably happened here is a multiple of security / high risk flags that have caused this account review and further closure.

The direct debit inward payments from eBay wouldn't solely be the reason/causation of this to happen, there are many other factors at play I'm sure the account holder isn't disclosing.

I've operated with many banks in the UK using stealth accounts with names mismatching, never had an issue.

In 2026, if a bank doesn't like the way you use your account (e.g. spending your money a lot and receiving lots of payments, which I classify as using your money as you want, but they see it as risky behaviour) they will put your account on hold / close your account without question, as they do not want to have to lose $20m+ at court (such as Metro Bank in 2024) for non-regulatory compliance/negligence.

It's really got nothing to do with the banks, they want our money. It's the regulatory pressures from governing bodies that have now made it so restrictive to do much of anything without it being looked at as money laundering.

My final point about OP's "friend" would be that he isn't very cleaver forfeiting the funds. It would be quite straight forward to prove the sales were conducted by him, what goods were sold etc., and an excuse for the name being different could be that he shares an eBay account with a friend and could prove it through other means.

Remember it's all suspicion but it's not confirmation of any wrongdoing as many regular people face this issue, having their bank accounts / money frozen for regulatory checks.

Forfeiting the funds without a fight was self admission of wrongdoing, he should've hired a legal team or simply provided eBay sales invoices.

As far as CIFA's go in the UK, the CIFA system is absolutely flawed in every possible way. You could be a victim of financial crime (someone stole your credit card and purchased goods online) and you could receive a strike.

If you have a CIFA strike in the UK, all high street banks are out of the question as they check for it. His best bet would be mobile banks (e.g. Starling, Revolut etc.)

I once had my account under review, I supplied invoices and proofs of funds entitlement, which allowed me back access to my money but they closed my account without explanation, regardless, which leads me to believe it's the regulatory pressure as they saw something they didn't like (e.g. transactions looking like business transactions on a personal account or large amounts of money coming in and out of my account, despite being explained and evidenced).

To conclude, I feel OPs story is valid, but there is a lot of missing information here, especially if the police / NCA were involved.

Originally Posted by agent006140 (Post 1270163)

Traditional personal banking is meant to serve the average consumers,with some deposits ,some withdrawals and some checks,over and above that is a burden,you may want to open a commercial bank account.
In US,like my Chase Bank account,I am entitled to 6 withdrawals,more than that I have to pay a fee,the account is free and they sent me statement every month,there are other accounts with no limits,but one has to maintain a higher balance like $5k.

Originally Posted by murdered_by_ebay (Post 1270194)

chase uk is not the same as usa , smaller and less significance , the market is controlled mostly by other banks

Originally Posted by agent006140 (Post 1270262)

Most of us do not have problem with our bank accounts,but then these days most of us do not keep a large amount in our bank accounts.
These days when you make a deposit,it takes longer to clear !

Originally Posted by hello1212 (Post 1270277)

You hit the nail on the head!!

Reminds me on how much easier things used to be.. :smash:

Originally Posted by mrsalexia (Post 1270283)

Humans are too passive and pussies
They just get used to any nee restriction/regulation

A restart is needed…:

Originally Posted by deepsofts (Post 1270299)

All of this is terrible and frightening. But back to the topic: does Revolut verify the name on the account and the name of the incoming payment against eBay? Perhaps it’s necessary to use a business account?

Originally Posted by rsot (Post 1270326)

just clarifying - when did Revolut step into this thread for discussion?

Originally Posted by phaz0rz (Post 1270298)

All downhill from here, especially as people become seemingly less literate by the year. Covid did the conditioning and now AI is taking care of the brain drain. Stupid people are far less likely to revolt.


Eventually a big war will shake things up. It's inevitable.

Originally Posted by gerald (Post 1270337)

I know you are just a pathetic spammer but try not to be an arsehole too.

Originally Posted by deepsofts (Post 1270299)

All of this is terrible and frightening. But back to the topic: does Revolut verify the name on the account and the name of the incoming payment against eBay? Perhaps it’s necessary to use a business account?