What Can I Give My Dog For Tooth Pain?
Animals & Nature1 min ago
No best answer has yet been selected by satinwood. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Absolutely no idea - if you have never been outside your overdraft facility it is weird.
Some banks may have a policy of not giving bank accounts to higher risk businesses. I know that a few years ago, Abbey National (as was then) would not give a business account to taxi drivers.
Do you have an authorised overdraft facility? If so the lending department may have said that they wish to review all new businessses who have an overdraft.
Or do you take a lot of cash? If so, they may feel that you may be money laundering? If all what you say above is true, then I too am at a loss to explain the situation.
If / when you go to a new bank, take all your bank statements with you - this is better than a bank reference as they can see exactly how you run your account.
All I can say is that I fell out with NatWest over business banking - they would not give me a �500 charge card for my business account as it was a new account, despite having a �6000 overdraft on my personal account, a personal credit card with a �4000 limit and my mortgage with them with �120,000 worth of equity! I told them what they could do with my business account and promptly changed to Lloyds TSB.
Sorry that I can't help anymore or throw any more light on this for you. Will watch this with interest though
Under the Data Protection Act 1998, there is the right for individuals to make a rquest for access to personal information held by other organisations. I'm not sure about a business or an organisation making such a request about themselves. There is an Information Commissioner's Office,and here it tells you how to contact it.
If there was a problem with one of the signatories on the account, this would have been picked up at the outset and the account would never have been opened. Everyone is thoroughly checked out before they are allowed to act as a signatory.
Is your business connected with mobile phones at all? I ask becasue there is a large article in our local newspaper today, about how Banks are all getting scared of the high risk and potential for fraud involved in the mobile phone industry. There are interviews with many small business who have had their accounts closed by their Bank with no warning and no reason given - it sounds similar to your situation.