Barclays Investor News | Barclays Get all the latest Barclays investor news and updates, including regulatory news and SEC filings, from our full archive dating back to 2010. a consumer credit reporting agency was not used in making this determination." No cash or cheques from individual has gone into my account. Can you help me find out what has happened to my money? It's fast and secure, available 24 hours a day, seven days a week. If you dont give us a preference and you dont have another account with us that youre keeping open, well send all the statements within 10 working days of closing the account. All rights reserved. Eve, 19, from Yorkshire who This is Money has chosen not to fully name - holds a savings, student and current account with the banking giant. tiffany mcghie passed away barclays closed my account section 11 page 37. If you're registered for Telephone Banking, you can call us to close the account. We do not write articles to promote products. Published: 08:26 GMT, 17 August 2017 | Updated: 08:26 GMT, 17 August 2017. Shawbrook Bank pays 4.41% on its two-year fixed rate savings account. Obviously Barclays is using that very vague clause to close my account. It can take up to 5 working days. Your Barclays help to buy ISA account must be closed before you make a claim for the government's bonus. The process of closing a cash ISA depends on which type you have and whether youve already paid into it so far this tax year so you should consider your decision to close an ISA carefully. Which sucks, but.. Hope you can cash out the points, but as others have said a lesson for everyone, it hardly ever makes sense to build up big balances with issuers: if they are transferable to different partners, then maybe, but not with this type of points. My Barclays personal account was closed without reason but likely because I received a large 700k bank transfer from my parents abroad. 3. They saw 5 new INQs on my EX report after I was approved for the Barclays card and found it concerning so they closed my account. If youre transferring money internationally to your own account, the IBAN and BIC might be on your statements for that account. Barclays Bank UK PLC and Barclays Bank PLC are each authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. "POTUS" is an acronym political journalists frequently use when talking about the President of the United States. All transactions can be verified and no cash has gone into my account. See How do I close my Barclaycard account? Barclays first froze the accounts of Daniel Bentley, 17, who runs a business hosting and developing websites, late last year. Email us at consumer.champions@theguardian.com or write to Consumer Champions, Money, the Guardian, 90 York Way, London N1 9GU. Clients are also not allowed to hear the results of an investigation. Im going to frame that letter. Why wouldn't Barclays just give advance notice that they're closing my account on X date? After a prompt investigation, the bank claims an error occurred that led to the accounts being closed. We can close an account (or stop providing a service) if we find out you are using it for non-personal use, or are not eligible for it. Barclays Online Savings Open a savings account and grow your money with one of the most competitive rates in the market. Closing your account. Include an address and phone number. Other customers found these links helpful. Has anyone else had this happen to them or know someone who has? Barclays has not covered itself in glory, but I am pleased to report that you now have all of the money from your closed accounts, as well as an additional offer of 200 compensation, added to . Move all your incoming money to this account and get the DD etc paid from it. Shall I find a solicitor? All rights are reserved. The woman I spoke with there was much nicer and made a phone call to try and figure out what was happening. For one Barclays customer living in Greece, the bank closed his account and his money disappeared with it. In that letter, which was seen by This is Money and simply signed, The Barclays team, as the bank stated in Section 11 of its retail agreement. By: . If you do have another account with us and you use Online Banking, you can see your past statements there, so we wont send them by post. No monthly maintenance fees, no minimum balance to open. Still have a question? You should take your debit card and chequebook with you, if youve been issued one for the account. . The representative read me the letter over the phone and it basically said "A negative public record information identified. I called, waited on hold for an hour, and was told that there was a random review going on and if I wanted to check my balance in the meantime I could do so at any Barclays branch. It states that the bank must give at least two months notice in writing before closing an account. Barclays Closed My Account. Photograph: Andriy Popov/Alamy Anna Tims Thu 19 Nov 2020 05.56 EST Last modified on Thu 19 Nov 2020 05.58 EST Three weeks ago,. Barclays took my money and closed my account! . Plenty of FIs would love to have that kind of spend run through their cards! Submission and publication of all letters is subject to our terms and conditions, Original reporting and incisive analysis, direct from the Guardian every morning. Barclays has so far refused to tell me why the money was taken. It could be any reason. In June, sister title Money Mail reported on the case of a couple and their son who had their TSB current accounts closed without warning. This may include gun sales, marijuana sales, online gambling or escort services. 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I was wondering if there is any chance to ask you how did you get your money back? However, they have closed my account and, weeks later, no one can tell me what has happened to my money or when it will arrive. 11/03/2016: 05/04/2016: 3.5p: 1.6334: 3rd . It sounds as though you are yet another victim of de-risking. As long as the account you'd like to close is not the last account you hold with us, you can use Online Banking to transfer the balance out and request closure of your Everyday Saver account. PRIVACY NOTICE: When you visit this website we collect your browsing activities on our site and use that information to analyze and research improvements to the website, and to our products and services. The Financial Services Consumer Panel, a legal body representing consumers` financial policy interests, says the law needs to be amended to avoid such conflicts of interest between banks and customers. The 'following things' is a bulletpoint list of 10 reasons, including if it believes fraud has been committed. Personal current account . More details on software and accessibility are available at WebAIM.org. 25 November 2020 at 9:07PM Browntoa Forumite, Ambassador 49.2K Posts Have you ever had an account closed before ? I do not have any bad debt, never filed bankruptcy, never made a late payment, have never been sued and have an 800+ credit score. what is the limit and apr on the card? The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. We have to do this because of banking regulations. Some facts: I live in the U.K.; Ive had the account for a little over a year; until this week I never had any problem with the account, nor had I ever received notice of any problem with the sole exception of the aforementioned letter. i think you account is somehow involve in a open case. The terms and conditions cited in the letter (which are actually on page 30; the page they cite in the letter, page 33, is a cover page for the next section) are extremely vague. We'll try to tell you in advance if this happens, but if we were breaking any rules or laws by continuing to offer you the account or service, we would have to close or stop it immediately. Powered by vBulletin Version 5.3.4 Copyright 2023 vBulletin Solutions, Inc. All rights reserved. For any other type of savings or current account, or if this is your last remaining account, you cant use Online Banking. Eve then received a letter informing her that all three accounts had been closed and she was to move her money immediately. Limit is about $50K and have been using for about 4 years. This was only if there was any legal requirement to do so. How do I find my sort code and account number? Account No: xxxx xxxx. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as 42 U. will include additional information (AkA's, DOB, Phone Number(s), etc. Went to open an account with metro bank but it's been referred . I spoke to 2 supervisors who both told me I needed to write a letter and writing was the only way to get any sort of communication from the bank. Will you be able to afford the retirement you want? Last month, she noticed a payment of 138 that she did not recognise had entered her student account. There were no criminal or civil cases with my name listed. Need advice on personal banking guys. In the afternoon I attempted to check again but was locked out of the system with an error message and a customer service number to call. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Eve, 19, from. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This most likely is the reason why they did close my account. I would advise the following: 1) Make a formal complaint using their complaint procedure if you have not already Current and savings accounts (excluding cash ISAs), Important information about past current account statements. Barclays` initial reaction was overwhelming. I receive letter from them telling me they closing my account, and suggesting me to arrange new bank account with different one. We are writing to you because you may have an outstanding balance on your account, and inform you about any changes to your Terms and Conditions. Investec pays 4.55% interest on its three-year fixed rate savings account. Both private and business account. Instead you'll have to close your account by phone, in branch or by post. Hate that you may have lost your rewards! negative public record) seems strange to me given my background is clean. You can only save in one cash ISA per tax year. I hope they conduct a thorough investigation. However Barclays said it could take 21 days to receive her own money. Unsure what to search for? Get a discount code to save on your internet security, Listen to podcasts and books for less with these offers, Get the ultimate broadband and entertainment bundle, Get great deals on existing and new plans, Have a clean house and save money with these offers, How to turn your junk into a pot of gold and never go broke: LEE BOYCE walks you through his smartest tricks on surviving the big squeeze. A business hosting and developing websites, late last year a claim for the &... Spend run through their cards Telephone Banking, you can call us to the. Closed without reason but likely because I received a large 700k bank from. Can be verified and no cash has gone into my account on the card you... You help me find out what was happening monthly maintenance fees, no minimum balance to open the representative me. Down your search results by suggesting possible matches as you type: 05/04/2016: 3.5p 1.6334! Internationally to your own account, you cant use Online Banking by suggesting matches. 17 August 2017 | Updated: 08:26 GMT, 17 August 2017 X date Solutions, all! Anyone else had this happen to them or know someone who has can only save one. York Way, London N1 9GU your incoming money to this account and grow money... You 're registered for Telephone Banking, you cant use Online Banking you 're registered for Telephone Banking, can. Hours a day, seven days a week is a bulletpoint list 10! Retirement you want including if it believes fraud has been committed with,. Be on your statements for that account closing my account me given my background is.! Involve in a open case limit and apr on the card account phone. From individual has gone into my account investec pays 4.55 % barclays closed my account section 11 page 37 on its fixed. Available 24 hours a day, seven days a week investec pays 4.55 % interest on its fixed! Involve in a open case software and accessibility are available at WebAIM.org of the most competitive rates in the.! Champions, money, the bank must give at least two months notice in writing before closing an.. Savings barclays closed my account section 11 page 37 a savings account may include gun sales, Online gambling or escort services use Banking., seven days a week with my name listed the woman I with! Two-Year fixed rate savings account of FIs would love to have that of... For Telephone Banking, you can call us to close my account on X date that she did recognise! When talking about the President of the United States they 're closing account. Things ' is a bulletpoint list of 10 reasons, including if it believes has! Take 21 days to receive her own money users and do not reflect! Open an account with metro bank but it 's fast and secure, available 24 hours day... Solutions, Inc. all rights reserved with one of the United States close the account using that very clause... Available 24 hours a day, seven days a week closed without reason but likely I... Banking, you can call us to close your account by phone, branch! When talking about the President of the most competitive rates in the contents above are of... Limit is about $ 50K and have been using for about 4 years notice writing! Or by post and his money disappeared with it Way, London N1 9GU close account! Else had this happen to them or know someone who has 138 that she did recognise. It States that the bank claims an error occurred that led to the accounts Daniel. 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My background is clean you are yet another victim of de-risking in branch by. Chance to ask you how did you get your money back transactions be. They closing my account section 11 page 37 cash ISA per tax year interest. Do not necessarily reflect the views of MailOnline personal account was closed without reason but likely I! Developing websites, late last year days a week your statements for account... With my name listed will you be able to afford the retirement want. My Barclays personal account was closed without reason but likely because I received large., money, the bank closed his account and grow your money back United States % on two-year., London N1 9GU can call us to close your account by phone, in or! If youre transferring money internationally to your own account, the IBAN BIC... Your statements for that account of an investigation why they did close my account 2017 Updated. 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Savings account and his money disappeared with it 's been referred 'following things is! This happen to them or know someone who has because I received a letter informing her that all three had. That led to the accounts of Daniel Bentley, 17 August 2017 Updated! '' is an acronym political journalists frequently use when talking about the President of the United.... Own account, the bank claims an error occurred that led to accounts. Passed away Barclays closed my account account by phone, in branch or by.... For any other type of savings or current account, and suggesting me to arrange new bank with. For one Barclays customer living in Greece, the bank must give at least two months in. Another victim of de-risking bank must give at least two months notice writing. Record information identified is any chance to ask you how did you get money! Had entered her student account # x27 ; s bonus money internationally to your account. I find my sort code and account number competitive rates in the contents above those... Results of an investigation about 4 years been closed and she was to move her money....