Bank Accounts Closed By Natwest and RBS
Hi all
I am looking for advice people who have had experienced having bank accounts closed by Natwest or RBS.
I am very worried because I have just received a text from Natwest stating the following:
IMPORTANT
Following a review of your banking arrangements, we have made the decision that we can no longer offer you banking facilities. This decision is in line with the Terms and Conditions of your account and we are unable to discuss the rationale for this in a branch or over the phone. Accounts have been blocked and a letter sent to advise this decision and the next steps. L
I have a current account with RBS and 5 saving accounts and the same with Natwest. I recently closed a few of the saver accounts and tried to open a new account with RBS last week. Unfortunately their site was very buggy and I didnt think my application had gone through and ended submitting it more than once in error. I ended up with 3 accounts instead of one - and I suspect that is why they are closing my accounts.
The accounts that I do have with both have been use to receive funds from various stealth accounts in mismatching names for many years without problems and I have never sent a lot of money through them really. Way less than £3k (probably nowhere near that) in the last 12 months and I dont withdraw funds very often.
I reckon there is currently £300 max in the accounts and my online banking has been blocked so I cant check.
I have 3 main concerns and I hope you could help me with your experience.
1. Will I be able to get the money in the accounts returned to me? If so how does this work?
2. Will Natwest and RBS leave something negative on my credit file which could stop me opening other bank accounts, getting credit or passing credit checks for a job? This is my main concern as it would ruin my life if I received a Cifas mark.
3. Will they report this as money laundering to the police?
I am really sorry to bother you but I am really, really worried and would be ever so grateful if you could please share your experience. Did you receive anything on your credit profile and have you had problems opening bank accounts and applying for credit since you had your accounts closed.
I have never had anything like this happen before and it is very concerning...
Many thanks
Delboy
Last edited by delboy; 05-13-2020 at 11:49 AM.
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