Withdrew too much from PayPal into Santander. now online banking is blocked

[SquirrelOG]

I Recently joined Santander about 10 days ago and after joining i created two EveryDay Saver accounts with them. I wated about 3 days and connected 3 bank accounts to 3 seperate PayPal accounts and all 3 have done successful withdrawals from PayPal to each Santander account.... HOWEVER;

1st PayPal account I withdrew £3,000 in the same day
2nd PayPal account I withdrew £250
3rd PayPal account I withdrew £250.

And I have been withdrawing about £500 a day for the last 3 days...
but today Santander have blocked my online banking and i need to call them on Monday.

I feel i withdrew too much too fast and now i have created a problem with my bank and obviously it looks suspicious. So I just want peoples thoughts on this? thanks

[Therulerz5]

The issue is UK banks see that PayPal sent the payments to mismatched names

Now you did this 3 times in rapid succession to 3 different saver account it looks like a 1st party payment fraud so they have to do their due diligences and they will likely ask you why the payments are on different names

[rsot]

Also the bank may be feeling that it's either payment fraud or you're doing business on personal account...be ready with explanation and possible change to business account and fees acceptance...

[agent006140]

it does not pass the smelling test

[handyman]

Originally Posted by agent006140

it does not pass the smelling test

What is this ****.

[murdered_by_ebay]

Originally Posted by SquirrelOG

I Recently joined Santander about 10 days ago and after joining i created two EveryDay Saver accounts with them. I wated about 3 days and connected 3 bank accounts to 3 seperate PayPal accounts and all 3 have done successful withdrawals from PayPal to each Santander account.... HOWEVER;

1st PayPal account I withdrew £3,000 in the same day
2nd PayPal account I withdrew £250
3rd PayPal account I withdrew £250.

And I have been withdrawing about £500 a day for the last 3 days...
but today Santander have blocked my online banking and i need to call them on Monday.

I feel i withdrew too much too fast and now i have created a problem with my bank and obviously it looks suspicious. So I just want peoples thoughts on this? thanks

show some personal activity on your bank accounts , bank don't like people receiving money in large amounts shortly after opening and then only withdrawing without paying bills etc. , it may look to them that you are some kind of fraudster or middlesman cashing out stolen funds

[RedPill]

Originally Posted by murdered_by_ebay

show some personal activity on your bank accounts , bank don't like people receiving money in large amounts shortly after opening and then only withdrawing without paying bills etc. , it may look to them that you are some kind of fraudster or middlesman cashing out stolen funds

This

You opened up brand new accounts then receive a bunch of payments in different names, including a big payment.

Other banks will do the same to you, it happened to someone I know with Halifax. To get your money you will likely need to send the bank documents

[SquirrelOG]

I appreciate all the replies! I have been able to use ATM's to withdraw cash. and now I just tried to log into online banking and its working normal
didn't need to contact Santander in the end. I got lucky

I think its game over for me now using Stealth Accounts. My last few accounts forced into MP on July 2nd. Its devistating..
What a year I had though, This forum and stealth has been a blessing.