Frozen RBS Current Account

Bank

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Evening all,

Is the anyone out there who can advise me that, my bank account has been frozen now for 6 weeks I have read that the nca have until that time and then hand it over to the bank again, l have contacted RBS but they still will not say anything, and l have not recieved any other news.

My question is what do l do now?? contact a solicitor or wait longer??

Jean Paul

Replies (6)

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David Winch
By David Winch
01st Jun 2016 18:31

You raised a previous query last month
https://www.accountingweb.co.uk/any-answers/rbs-block-account

Has the account been frozen for 6 weeks now?
David

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Replying to davidwinch:
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By jeanpaul86
01st Jun 2016 19:09

Yes , it was blocked on the 20/04 and today is 6 weeks exactly , nothing in the form of action from anywhere. If l go into the bank tomorrow, legally is there anything to keep the account still being frozen, do l have a case against them?

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Replying to jeanpaul86:
David Winch
By David Winch
01st Jun 2016 19:46

Part of your problem is that you don't know when the bank submitted a report to the NCA & you don't know when the bank received a refusal of consent from the NCA.
The moratorium period ends 31 days after the bank receive the refusal from the NCA.
That period may not quite have expired yet (especially as there was a Bank Holiday at the beginning of May).
So you may want to wait a few more days before getting a solicitor to write to the bank.
But I would expect the bank to write to you in the next few days.
David

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By Clinton Lee
01st Jun 2016 20:07

I think it's outrageous that banks can, even on flimsy suspicion, get NCA involved and prevent you accessing your legal funds for however long it takes. Whether six weeks or 31 days or whatever is immaterial. Being locked out for anything more than a few hours can cause some businesses serious difficulties.

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Replying to Clinton:
By johngroganjga
05th Jun 2016 16:49

It's not down to the bank it's the law.

You are quite entitled not to like the law if that is your view, but blame Parliament not the bank..

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Replying to johngroganjga:
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By jeanpaul86
05th Jun 2016 19:09

dont know how one would survive if ones bank account was frozen for nearly 6 weeks, not about hating banks

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