bank froze funds

[KODE332]

UK based MetroBank froze funds because of mismatched names. around 4k. they want explanation why names mismatched, any advice? they being real pricks about it. All payments came from paypal into 3 diff savers, and three diff names. They want me to show them proof funds are mine. Any advice much welcome.

I was idiot because I rushed to do transfers and didn't build up account, but that's another story.

[murdered_by_ebay]

Originally Posted by KODE332

UK based MetroBank froze funds because of mismatched names. around 4k. they want explanation why names mismatched, any advice? they being real pricks about it. All payments came from paypal into 3 diff savers, and three diff names. They want me to show them proof funds are mine. Any advice much welcome.

I was idiot because I rushed to do transfers and didn't build up account, but that's another story.

are you a recent metro customer? do you do cash withrawals there?

[KODE332]

Originally Posted by murdered_by_ebay

are you a recent metro customer? do you do cash withrawals there?

well account was recent, but its been frozen for 6 month, I dont think anyone looked into it until last week when i called. Ive never withdrawn anything it was literally new account that received 1.2k each into 3 diff savers.

[murdered_by_ebay]

Originally Posted by KODE332

well account was recent, but its been frozen for 6 month, I dont think anyone looked into it until last week when i called. Ive never withdrawn anything it was literally new account that received 1.2k each into 3 diff savers.

that is a standard anti money laundering check , you suddenly receive large amounts of money on a new account in third party names

you should always start slowly , show some spending with credit cards etc. , if a new account suddenly starts receiving such amounts they assume that the money must be stolen and you are a so called mule who is supposed to cash it

[KODE332]

Originally Posted by murdered_by_ebay

that is a standard anti money laundering check , you suddenly receive large amounts of money on a new account in third party names

you should always start slowly , show some spending with credit cards etc. , if a new account suddenly starts receiving such amounts they assume that the money must be stolen and you are a so called mule who is supposed to cash it

yeah I realize that, but what explanation can I give them, their main question why is it coming in different names

[e2free]

Say its trading name, it can be anything and you can trade under any name

[murdered_by_ebay]

Originally Posted by KODE332

yeah I realize that, but what explanation can I give them, their main question why is it coming in different names

you run a small business and as the other member mentioned , tell it is a trading name as ebay/paypal allow to use any trading name , if you have website send details of the website

[DENDEN76]

If he had started with small deposits do you guys think it would have made a difference? Is this the norm or is it because the uk has laws stating the names should match?

[DENDEN76]

Also if OP made the deposits to a company account with multiple savers do you think the bank would have responded the same??

[agent006140]

depositing fund not in name of the bank account holder is like endorsement,in US some banks have disallowed such,too much fraud.