First Bank Account closure. NATWEST - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Subscriber's Area > Subscriber Discussions

Subscriber Discussions The juicy stuff...

Reply
 
Thread Tools
  #1  
Old 02-29-2016
Junior Member
 
Join Date: Aug 2014
Posts: 158
Thanks: 3
Thanked 11 Times in 9 Posts
Activity: 17%
Longevity: 55%
iTrader: (0)
Default First Bank Account closure. NATWEST

Just thought I would let everyone know that Natwest may be an issue when using stealth.
No reason given just that my Natwest Select account is now closed, its part of the RBSG royal bank of scotland group. Deposits would have been from a stealth name for Etsy, Amazon and Ebay. totaling £32k over the past 10 months.
I also had 4 savings accounts which had yet to be used.

Apparently I will have to take ID with me to the local branch to withdraw the funds.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 02-29-2016
Senior Member
 
Join Date: Dec 2014
Posts: 891
Thanks: 244
Thanked 246 Times in 193 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Nat West is not an issue with stealth. In fact it is pretty much up there as the very best to use with stealth.

Much more likely an issue with your modus operandi.

When did you open your savings accounts, how far apart did you open them?
Reply With Quote
  #3  
Old 02-29-2016
eternity4u's Avatar
Senior Member
 
Join Date: Dec 2008
Posts: 855
Thanks: 149
Thanked 92 Times in 73 Posts
Activity: 1%
Longevity: 89%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

I had some issue with Royal Bank Of Scotland.
RBS and Natwest belong to the same group.

Though I had no stealth activity on my RBS account since it was my main personal account.

It did get me worried, thought something really bad is about to happen.
I thought all my other bank accounts would go through the same way.

Three years down, all my other bank accounts are active.
Nothing is wrong with my credit file.
So I just assumed, Natwest just was a rubbish bank.

RBS was a good bank until Natwest merge into one.
Reply With Quote
  #4  
Old 02-29-2016
Banned
 
Join Date: Jul 2008
Posts: 825
Thanks: 43
Thanked 198 Times in 155 Posts
Activity: 0%
Longevity: 91%
iTrader: (27)
Default Re: First Bank Account closure. NATWEST

Ghettotidge - if you go into branch with your ID you won't get anywhere it's just what they say.

They hold the funds for 2 months or so, usually 60 days from the date of the closure letter. You then have to provide invoices etc for all the payments going into the accounts before funds being released.
Reply With Quote
  #5  
Old 02-29-2016
Junior Member
Threadstarter  
 
Join Date: Aug 2014
Posts: 158
Thanks: 3
Thanked 11 Times in 9 Posts
Activity: 17%
Longevity: 55%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Wow if what vetus states is true Natwest are a bad bank..
I opened the savings accounts about 10 weeks ago, all at the same time as the website was glitching and I only intended to open one. If they dont have an issue with mismatching name on deposits vs account owner then I cannot imagine what their issue is?
Reply With Quote
  #6  
Old 02-29-2016
Senior Member
 
Join Date: Dec 2014
Posts: 891
Thanks: 244
Thanked 246 Times in 193 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by ghettotige View Post
Wow if what vetus states is true Natwest are a bad bank..
I opened the savings accounts about 10 weeks ago, all at the same time as the website was glitching and I only intended to open one. If they dont have an issue with mismatching name on deposits vs account owner then I cannot imagine what their issue is?
This could be an issue for a start. I have read about people having their accounts closed for opening up 4 or 5 savers in a day.
Reply With Quote
  #7  
Old 02-29-2016
mao mao is offline
Senior Member
 
Join Date: Jan 2014
Posts: 438
Thanks: 24
Thanked 80 Times in 61 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

The issue is you are using your personal bank account to accept payments for goods, 32k being paid in will look like a business rather than personal. Thats just my opinion though.
Reply With Quote
The Following 2 Users Say Thank You to mao For This Useful Post:
Bunneh (02-29-2016), sax4 (03-04-2016)
  #8  
Old 02-29-2016
spindoctor's Avatar
Senior Member
 
Join Date: May 2015
Posts: 533
Thanks: 199
Thanked 161 Times in 117 Posts
Activity: 0%
Longevity: 51%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

No they don't hold your money for 60 days. They give you 60 days to withdraw your money before the account is deleted.

I had 7k in natwest and i opened up too many rbs and natwest accounts within a short while. Got the account closure letter and was able to withdraw the money out easily. no problems, just had to go to bank with ID and the closure letter and it was sorted in 20 minutes.

Funny thing is, reopened up a natwest account 6 months later and it's been running 7 months, i'm supposedly not allowed to bank with them or rbs.
Reply With Quote
The Following User Says Thank You to spindoctor For This Useful Post:
dealagreeproceed (03-14-2016)
  #9  
Old 02-29-2016
Junior Member
 
Join Date: Jan 2014
Posts: 368
Thanks: 10
Thanked 90 Times in 72 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by spindoctor View Post
No they don't hold your money for 60 days. They give you 60 days to withdraw your money before the account is deleted.

I had 7k in natwest and i opened up too many rbs and natwest accounts within a short while. Got the account closure letter and was able to withdraw the money out easily. no problems, just had to go to bank with ID and the closure letter and it was sorted in 20 minutes.

Funny thing is, reopened up a natwest account 6 months later and it's been running 7 months, i'm supposedly not allowed to bank with them or rbs.
How is that funny? Worrying each time you go to the cash point if it will swallow your card or use in store and decline? They will close it eventually.
Reply With Quote
  #10  
Old 02-29-2016
Junior Member
 
Join Date: Jan 2014
Posts: 368
Thanks: 10
Thanked 90 Times in 72 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by mao View Post
The issue is you are using your personal bank account to accept payments for goods, 32k being paid in will look like a business rather than personal. Thats just my opinion though.
Exactly. Stealth or not, they don't like personal accounts being used for business purposes.
Reply With Quote
  #11  
Old 02-29-2016
spindoctor's Avatar
Senior Member
 
Join Date: May 2015
Posts: 533
Thanks: 199
Thanked 161 Times in 117 Posts
Activity: 0%
Longevity: 51%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by blueuk View Post
How is that funny? Worrying each time you go to the cash point if it will swallow your card or use in store and decline? They will close it eventually.
Why would I worry? They can't keep the money if they did decide to close the account. But over 10ks gone through it in over 6 months, that's more money then I had in the other closed account ever.
Reply With Quote
  #12  
Old 02-29-2016
Bunneh's Avatar
Executive [VIP]
 
Join Date: Sep 2011
Posts: 4,691
Thanks: 672
Thanked 1,096 Times in 824 Posts
Activity: 0%
Longevity: 72%
iTrader: (25)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by vetus View Post
Ghettotidge - if you go into branch with your ID you won't get anywhere it's just what they say.

They hold the funds for 2 months or so, usually 60 days from the date of the closure letter. You then have to provide invoices etc for all the payments going into the accounts before funds being released.

I beg to differ, my stepfather had this happen and he took id into the bank and they gave him the cash.
Reply With Quote
  #13  
Old 02-29-2016
Bunneh's Avatar
Executive [VIP]
 
Join Date: Sep 2011
Posts: 4,691
Thanks: 672
Thanked 1,096 Times in 824 Posts
Activity: 0%
Longevity: 72%
iTrader: (25)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by ghettotige View Post
Wow if what vetus states is true Natwest are a bad bank..
I opened the savings accounts about 10 weeks ago, all at the same time as the website was glitching and I only intended to open one. If they dont have an issue with mismatching name on deposits vs account owner then I cannot imagine what their issue is?

This happened to my partner with rbs. He opened one savings account online but the internet was glitching so the fraud team decided he was doing something dodgy. He fought with them for 2 weeks over this on how it was there technical issues that caused this.

They reopened his account and gave him £80 compensation for the agrevation.
Reply With Quote
  #14  
Old 02-29-2016
Senior Member
 
Join Date: Jul 2014
Posts: 904
Thanks: 141
Thanked 306 Times in 204 Posts
Activity: 0%
Longevity: 56%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

I've lost loads, Halifax,Bank of scotland,Natwest,Rbs,Santander,Nationwide.

They'll all go down if you put a lot of cash through them, 32k in 10 months isn't that much though tbf, you probably just got unlucky
Reply With Quote
  #15  
Old 02-29-2016
Senior Member
 
Join Date: Oct 2012
Posts: 390
Thanks: 9
Thanked 47 Times in 35 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by Bunneh View Post
This happened to my partner with rbs. He opened one savings account online but the internet was glitching so the fraud team decided he was doing something dodgy. He fought with them for 2 weeks over this on how it was there technical issues that caused this.

They reopened his account and gave him £80 compensation for the agrevation.
FYI
I have complained about banks and insurance companies to the Financial Ombudsmans service over the last few years. The standard apology and offer is around £75.

when you complain i think they have 30 days to give you a financial response. In fact if you call the FO they will write the letter to the bank for you. After that 30 period you can then ask the financial ombudsman to investigate.

Here's the thing !

whatever the ombudsman finds right or wrong it will cost the bank approx £550 to the Financial Ombudsmans service and all free for you. So.. its in the banks interest to compensate you and that starts at about £75. Same for insurance comapanies too.

I hope this helps
Reply With Quote
The Following User Says Thank You to arktech For This Useful Post:
Haidukken (03-08-2016)
  #16  
Old 03-01-2016
Senior Member
 
Join Date: Oct 2012
Posts: 390
Thanks: 9
Thanked 47 Times in 35 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

should have read ..
when you complain i think they have 30 days to give you a final response.
Reply With Quote
  #17  
Old 03-01-2016
Junior Member
 
Join Date: Mar 2015
Posts: 3
Thanks: 3
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 52%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by ghettotige View Post
Just thought I would let everyone know that Natwest may be an issue when using stealth.
No reason given just that my Natwest Select account is now closed, its part of the RBSG royal bank of scotland group. Deposits would have been from a stealth name for Etsy, Amazon and Ebay. totaling £32k over the past 10 months.
I also had 4 savings accounts which had yet to be used.

Apparently I will have to take ID with me to the local branch to withdraw the funds.

NATWEST RULES-

NatWest policy is Personal account cannot be used for any Business transactions .

if they find any funds coming into your personal account to be business funds .
That account will be closed instantly .


The Only way Round That is -
if you can open a low business account with them , you will also get a personal account opened for you and that can be used for business freely.

As that allows you to make purchase for your business account.
you will have 2 accounts to use as you please.
and all this can be opened on-line or over the phone.

i hope this help .
Reply With Quote
  #18  
Old 03-01-2016
Junior Member
Threadstarter  
 
Join Date: Aug 2014
Posts: 158
Thanks: 3
Thanked 11 Times in 9 Posts
Activity: 17%
Longevity: 55%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

what I am thinking is, stop messing with personal accounts which I now have 13, halifax, loyds,nationwide,santander, barclays, hsbc both current and savings. Approach them all and say I want to open basic business accounts.

If that works this should avoid future issues.

Iam running out of bank accounts
Reply With Quote
  #19  
Old 03-01-2016
Executive [VIP]
 
Join Date: Feb 2008
Posts: 1,071
Thanks: 52
Thanked 160 Times in 137 Posts
Activity: 33%
Longevity: 93%
iTrader: (2)
Default Re: First Bank Account closure. NATWEST

Basic business account?

Quote:
Originally Posted by ghettotige View Post
what I am thinking is, stop messing with personal accounts which I now have 13, halifax, loyds,nationwide,santander, barclays, hsbc both current and savings. Approach them all and say I want to open basic business accounts.

If that works this should avoid future issues.

Iam running out of bank accounts
Reply With Quote
  #20  
Old 03-01-2016
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,851
Thanks: 5,926
Thanked 8,909 Times in 8,202 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default Re: First Bank Account closure. NATWEST

Quote:
Originally Posted by mao View Post
The issue is you are using your personal bank account to accept payments for goods, 32k being paid in will look like a business rather than personal. Thats just my opinion though.
You're right on mao
Reply With Quote
  #21  
Old 03-04-2016
sax4's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 4,517
Thanks: 1,806
Thanked 1,040 Times in 774 Posts
Activity: 39%
Longevity: 81%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

Here's an article on basic business accounts

How to open a business bank account if you have a poor credit history
Reply With Quote
  #22  
Old 03-04-2016
spindoctor's Avatar
Senior Member
 
Join Date: May 2015
Posts: 533
Thanks: 199
Thanked 161 Times in 117 Posts
Activity: 0%
Longevity: 51%
iTrader: (0)
Default Re: First Bank Account closure. NATWEST

You'd have a thought by now banks would fill an empty market and offer basic business accounts for people who can't get accepted for normal business accounts.

A friend of mine had a ccj and couldn't get one, whilst starting his new business he had chequers for over £55k and no bank to accept them... Eventually got one after a few months.. But still...
Reply With Quote
The Following User Says Thank You to spindoctor For This Useful Post:
delboy (05-13-2020)
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank Closure Question (BOA) wtfebay PayPal Talk 16 05-20-2015 04:38 AM
Trying to add new Natwest bank account to PP ebabe UK eBay & Paypal 7 09-02-2013 11:02 AM
Appealing bank account closure stepia2 Subscriber Discussions 6 01-31-2013 06:59 PM
withdrawing from pp to bank account(natwest), possible issues? jumba UK PayPal Talk 10 04-12-2012 11:29 AM
Natwest Bank Account sax4 UK eBay & Paypal 10 05-24-2010 06:51 AM


Aspkin Group

All times are GMT -5. The time now is 10:52 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58