paid a US cheque into UK Barclays account - man becomes 'unbankable' flagged as fraud

[dx100uk]

Daniel Head can’t take credit, move banks or even secure a new mobile contract because his bank mistakenly put a fraud flag against his name and refused to remove it

 

 

Daniel Head has worked hard to build up a strong financial base and an excellent credit rating over the years. He has never fallen into debt or suffered financial difficulties.

 

 

But he can’t take out credit, move banks or even secure a mobile phone contract because Barclays (LSE: BARC.L - news) , his bank for 12 years, mistakenly put a fraud flag against his name and refuses to remove it.

 

 

Financial institutions (NasdaqGS: FISI - news) have almost unfettered powers to share concerns about customers with other companies through credit reference agencies and fraud prevention registers such as Cifas and the National Hunter database.

 

 

https://uk.finance.yahoo.com/news/paid-us-cheque-barclays-account-080751591.html

[unclebulgaria67]

I saw this on the Telegraph site and left a comment.

 

Should take Barclays to court, as their processing of inaccurate data should be provable. All he needs is something from the issuer of the cheque confirming that it is a legitimate payment due and nothing fraudulent.

[fkofilee]

I also saw this it was disgraceful!

[citizenB]

Interesting, yet they allow elderly people (victims of telephone fraudsters) to walk out of the bank with their entire life savings in an envelope with no questions asked ?

[unclebulgaria67]

The problem is that Banks have been instructed by UK government to see their customers as potential fraudsters, money launderers or terrorists. It is getting quite difficult now for those who have foreign income or have finances in more than one country. If you go travelling or want to work abroad for a period without a fixed base, the Banks don't like keeping UK accounts and will only offer an international account if you have at least £100k cash. It will get to the stage of people carrying gold coins as currency.

[slick132]

I also read this in The Telegraph and wondered why no mention was made of court action.

 

It's utterly despicable that the bank should act in this way, with impunity. Sickening !!

 

Someone should help the victim take court action and give the bank the SLAP they deserve.