Banks requiring business details?

glasshouse

Member
Location
lothians
This was common practice at RBS/NatWest some years ago. It was and is nothing less than fraud on the part of the bank in my opinion. Any business found to be in financial difficulty, most often due to allegedly being mis-sold a very very dodgy financial instrument tied to their loan, as explained in the video, was lumped in a special section of the bank which would fleece them with super-high costs with the aim of taking over the assets at a drastic discount to market value in order to re-sell at a massive profit.
This was only a few years ago.

Never trust a bank. Never get in deep with one unless you protect your house and family and are prepared to lose, through sharp practice, everything else you have ever worked for. There are both sharks and vultures working in some of these bank’s departments that are certainly not there to help you but will exploit you mercilessly. They can’t deny it because it was all over the media not so long ago. One can only hope that they have learnt their lesson. I wouldn’t put money on it [pun intended].
They dont need to learn a lesson, they need to be jailed.
And george osborne sanctioned it all
 

solo

Member
Location
worcestershire
This isn’t confined to business accounts. If you purchase a house the solicitors have to show where the money for the deposit originated from. If you have multiple savings accounts, which you move annually to gain the best interest rates,makes for a tricky paper trail, especially if using online accounts, which you can no longer access after the account has been closed and the funds moved to the next best account. :(
 

farmer99

Member
Arable Farmer
Location
suffolk
Our bank asked for partnership agreement(simple one only me and OH) then rejected it as it had not been Notorized. Had to find the local notory and get him to sign (£110) and send it to them again.We have banked with them for years perhaps they would not have made such a fuss if we had got large borrowings?
 

steveR

Member
Mixed Farmer
Our bank asked for partnership agreement(simple one only me and OH) then rejected it as it had not been Notorized. Had to find the local notory and get him to sign (£110) and send it to them again.We have banked with them for years perhaps they would not have made such a fuss if we had got large borrowings?
Just don't have a formal partnership agreement, which with a Husband and Wife team, is quite OK.

Maybe the marriage certificate or as suggested above, a pic of the ring :)
 

Still Farming

Member
Mixed Farmer
Location
South Wales UK
Another one at it allegedly:-
20211218_103404.jpg
 

Barleymow

Member
Mixed Farmer
Location
Ipswich
Sent said forms back and copies of other information they asked for , was a message when I logged onto to check the account to ring them . They now need proof of my id ffs and proof of address , cant use barclaycard statement as bank with barclays she said get statement from accountant i said wont be free professionals charge . apparently ill get a letter every 30 days till I comply of they close the account , and they shut the local branch last yr Rant over
 

An Gof

Member
Location
Cornwall
Sent said forms back and copies of other information they asked for , was a message when I logged onto to check the account to ring them . They now need proof of my id ffs and proof of address , cant use barclaycard statement as bank with barclays she said get statement from accountant i said wont be free professionals charge . apparently ill get a letter every 30 days till I comply of they close the account , and they shut the local branch last yr Rant over

Any utility bill will do or a shotgun certificate/firearm licence.
 

johnb5555

Member
Location
Co Durham
Sent said forms back and copies of other information they asked for , was a message when I logged onto to check the account to ring them . They now need proof of my id ffs and proof of address , cant use barclaycard statement as bank with barclays she said get statement from accountant i said wont be free professionals charge . apparently ill get a letter every 30 days till I comply of they close the account , and they shut the local branch last yr Rant over
Council tax bill?
I've had letter, text and online message asking for more details........all with different dates when they will close my account
 

Rookie

Member
Arable Farmer
After ignoring emails at first from Barclays regarding business details eventually had to sort it.
Had to confirm business details regarding partnership etc and confirm my identity as they didn't have my middle name even though correspondence over the years has had it on it.
Time wasting exercise.
 

Nearly

Member
Location
North of York
I've received the paperwork again from the team in blue.
It states that I can't borrow any more until I do the id thing.
Never mind then.
20 minutes of my life saved.
 

Barleymow

Member
Mixed Farmer
Location
Ipswich
I went into the bank on Friday with my paper drivers licence they had a job to photocopy it as its a bit crumpled these days ,fire arms licence and a letter from inland revenue.
 

Cowabunga

Member
Location
Ceredigion,Wales
I went into the bank on Friday with my paper drivers licence they had a job to photocopy it as its a bit crumpled these days ,fire arms licence and a letter from inland revenue.
Good luck with that. They insisted on a photo-type driving license from me, which none of the partners have. One of us does not have a passport either. Automated remote scanning of passports using ‘WHOYou’ would not work for any of our passport photos on our various personal phones. It was a total shambles that lasted a whole year and nearly drove us and our bank manager up the wall.
 

Barleymow

Member
Mixed Farmer
Location
Ipswich
Good luck with that. They insisted on a photo-type driving license from me, which none of the partners have. One of us does not have a passport either. Automated remote scanning of passports using ‘WHOYou’ would not work for any of our passport photos on our various personal phones. It was a total shambles that lasted a whole year and nearly drove us and our bank manager up the wall.
I haven't a valid passport its all I have
 

Is Red tractor detrimental to your mental health?

  • Yes, Red tractor increase my stress and anxiety

    Votes: 302 97.7%
  • No, Red tractor gives me peace of mind that the product I produce is safe to enter the food chain

    Votes: 7 2.3%

HSENI names new farm safety champions

  • 148
  • 0
Written by William Kellett from Agriland

Farm-safety-640x360.png
The Health and Safety Executive for Northern Ireland (HSENI) alongside the Farm Safety Partnership (FSP), has named new farm safety champions and commended the outstanding work on farm safety that has been carried out in the farming community in the last 20 years.

Two of these champions are Malcom Downey, retired principal inspector for the Agri/Food team in HSENI and Harry Sinclair, current chair of the Farm Safety Partnership and former president of the Ulster Farmers’ Union (UFU).

Improving farm safety is the key aim of HSENI’s and the FSP’s work and...
Top