More than one bank account closed

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Harter68
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#1
Report Thread starter 2 years ago
#1
My first bank account was closed because of an overdraft which was not caused by me.
Second was a fraud payment into my account which I was not aware of.
Baring mind i’m only 16.
What does this mean like? Any chance opening a new account.
Does this go on my Credit Score.
What are the downs of this please.
Thank You
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999tigger
Badges: 19
#2
Report 2 years ago
#2
(Original post by Harter68)
My first bank account was closed because of an overdraft which was not caused by me.
Second was a fraud payment into my account which I was not aware of.
Baring mind i’m only 16.
What does this mean like? Any chance opening a new account.
Does this go on my Credit Score.
What are the downs of this please.
Thank You
First bit is too ambiguous.
Second bit sounds like you have a CIFAS marker.
Sounds like you allowed someone access to your account.
You either prove to the bank it was nothing to do with you and they may remove the marker or they believe you were partly to blame.
The marker stays for 6 years. You will find it hard to open a bank account of any sort. There are a few bank accounts where you pay a monthly fee that may take you.

No high street bank or bs will touch you with a CIFAS marker.
It is serious.
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Harter68
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Report Thread starter 2 years ago
#3
(Original post by 999tigger)
First bit is to ambiguous.
Second bit sounds like you have a CIFAS marker.
Sounds like you allowed someone access to your account.
You either prove to the bank it was nothing to do with you and they may remove the marker or they believe you were partly to blame.
The marker stays for 6 years. You will find it hard to open a bank account of any sort. There are a few bank accounts where you pay a monthly fee that may take you.

No high street bank or bs will touch you with a CIFAS marker.
It is serious.
How would i prove to them it wasn’t me and how would i know i have the marker
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999tigger
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Report 2 years ago
#4
(Original post by Harter68)
How would i prove to them it wasn’t me and how would i know i have the marker
Contact the bank. They will tell you. Find out why it was shut down.

In most cases I have seen on here that people let a friend use the account . You can contact CIFAS or CAB.

https://www.cifas.org.uk/individuals

https://www.citizensadvice.org.uk/about-us/contact-us/
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Harter68
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Report Thread starter 2 years ago
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(Original post by 999tigger)
Contact the bank. They will tell you. Find out why it was shut down.

In most cases I have seen on here that people let a friend use the account . You can contact CIFAS or CAB.

https://www.cifas.org.uk/individuals

https://www.citizensadvice.org.uk/about-us/contact-us/
I just called up and the bank just told me that the account has just been closed but there is no sign of a Marker. I was talking to customer service team should i call CIFAS now
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999tigger
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Report 2 years ago
#6
(Original post by Harter68)
I just called up and the bank just told me that the account has just been closed but there is no sign of a Marker. I was talking to customer service team should i call CIFAS now
Call the bank again and ask why it was closed.

You can then ring either CAB and they may refer you to a credit reference agency or CIFAS.

To find out from CIFAS about what info they hold then you have to make a subject access request. Details are on the website. Its basically a request for information and costs £10. details are on the site.
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struggler07
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#7
Report 9 months ago
#7
(Original post by Harter68)
My first bank account was closed because of an overdraft which was not caused by me.
Second was a fraud payment into my account which I was not aware of.
Baring mind i’m only 16.
What does this mean like? Any chance opening a new account.
Does this go on my Credit Score.
What are the downs of this please.
Thank You
Cifas markers last for 6 years it’s gonna be near impossible to open a bank account your best bet is to get a prepaid card or go to your local credit union
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