Crosswords1 min ago
Banks Closing Accounts For Political Reasons...
Anybody agree with it?
A short precis if you can't/don't want to watch the video. (which I'll post below)
Laura Towler (Nationalist blogger) tried to pay for her shopping, card declined. Tried to get cash from the ATM, card declined. Went to her branch (Santander), Manager called her in 'Account locked'. No reason given. 3-4 weeks later, she was sent a letter Account(s) closed, money refunded.
Presumably at the behest of the Gov. or one of their agencies.
Personally, I think it's disgraceful. Reminiscent of the non-citizens in China.
What say you?
A short precis if you can't/don't want to watch the video. (which I'll post below)
Laura Towler (Nationalist blogger) tried to pay for her shopping, card declined. Tried to get cash from the ATM, card declined. Went to her branch (Santander), Manager called her in 'Account locked'. No reason given. 3-4 weeks later, she was sent a letter Account(s) closed, money refunded.
Presumably at the behest of the Gov. or one of their agencies.
Personally, I think it's disgraceful. Reminiscent of the non-citizens in China.
What say you?
Answers
Seen the video before. Some of the dangers of a cashless society is well explained. I don't believe it should be permitted not to give reasons, it's basic courtesy to be told why someone's choosing to cause you problems. Apart from that there's clash of rights, one side's right not to have to serve someone they don't wish to serve versus and another's right not...
07:54 Fri 16th Oct 2020
// looks like Santander is managed by the libFac hordes.//
nope
fines for tipping off can be huge
and since they can act high handedly with no appeal
often do - I dont find Santander that good
boodifoll leddy ( that would be the spanish girl chief exec) said account holders should PAY for an acct weez them and no interest (spot the negative interest rate!) and that was TEN years ago
she was asked what good THAT would do and answered it should do Santander a LOT of good!
nope
fines for tipping off can be huge
and since they can act high handedly with no appeal
often do - I dont find Santander that good
boodifoll leddy ( that would be the spanish girl chief exec) said account holders should PAY for an acct weez them and no interest (spot the negative interest rate!) and that was TEN years ago
she was asked what good THAT would do and answered it should do Santander a LOT of good!
https:/
The Financial Ombudsman Service says they expect at least thirty days' notice if closure even if the notice period in the Terms and conditions us shorter. They say a reason need not be given but it helps if it is.
A complaint can be made to them and if they decide the notice was too short, they can order compensation for financial loss or distress.
If they decide the account has been closed for the wrong reasons, they can issue a Direction that it be re-opened.
It does also say banks should not close accounts "because of unfair bias or unlawful discrimination."
Having said all that, it's a big leap to suggest it was done, "at the behest of the Gov. or one of their agencies."
The Financial Ombudsman Service says they expect at least thirty days' notice if closure even if the notice period in the Terms and conditions us shorter. They say a reason need not be given but it helps if it is.
A complaint can be made to them and if they decide the notice was too short, they can order compensation for financial loss or distress.
If they decide the account has been closed for the wrong reasons, they can issue a Direction that it be re-opened.
It does also say banks should not close accounts "because of unfair bias or unlawful discrimination."
Having said all that, it's a big leap to suggest it was done, "at the behest of the Gov. or one of their agencies."
// there was only 1 reason you could have your account closed. (which I said was nonsense)//
I did wonder about that. I thought nonsense was used in the standard AB meaning of "crap carp complete crap and if you say otherwise I will whine to the ed"
I means the final one reason is that the banks can do what they like. I dont know what you do if the action has been triggered. There must be an appeals process somewhere. I suppose if the suspicion ( "defined as anything not fanciful") is unfounded on investigation then it is not a suspicion anymore and in their beneficence the banks reopen the account
( sounds ..... suspicious to me!)
I did wonder about that. I thought nonsense was used in the standard AB meaning of "crap carp complete crap and if you say otherwise I will whine to the ed"
I means the final one reason is that the banks can do what they like. I dont know what you do if the action has been triggered. There must be an appeals process somewhere. I suppose if the suspicion ( "defined as anything not fanciful") is unfounded on investigation then it is not a suspicion anymore and in their beneficence the banks reopen the account
( sounds ..... suspicious to me!)
Yes plainly this person belongs to a neo-Nazi group, which she at least does not hide.
But there's no information available to say whether it's likely or not that her account was being used for dubious reasons. As I said before, it's unsatisfactory that no reason is usually given, however there may be operational reasons in many cases which make that advisable. It's certainly unsatisfactory if the user is innocent of any suspected misuse of funds, however that might be.
When it comes down to it, a bank has the right to take your custom, or not, as it deems fit.
But there's no information available to say whether it's likely or not that her account was being used for dubious reasons. As I said before, it's unsatisfactory that no reason is usually given, however there may be operational reasons in many cases which make that advisable. It's certainly unsatisfactory if the user is innocent of any suspected misuse of funds, however that might be.
When it comes down to it, a bank has the right to take your custom, or not, as it deems fit.
In Ichkeria's link it gives two reasons why an account might be closed, fraud or the bank not making a profit out of you. As she says she never had an overdraft and always had enough money to pay her DD's etc then they probably weren't making enough, if any, profit out of her.
Think I'd better watch out as that's exactly how I run my account:-(
Think I'd better watch out as that's exactly how I run my account:-(
// Barry weren't Santander previously Abbey National but got taken over by Santander?//
good example of a bank can be predatory and work well for shareholders and STILL give account holders a crap service
the leddy neednt be lying - ( plausible deniability ) - the banks say gottle of geer gottle of geer often enough
and as happens often enough on AB may actually believe what she is saying even tho it is a load of cobblers .....
good example of a bank can be predatory and work well for shareholders and STILL give account holders a crap service
the leddy neednt be lying - ( plausible deniability ) - the banks say gottle of geer gottle of geer often enough
and as happens often enough on AB may actually believe what she is saying even tho it is a load of cobblers .....
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