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Joint Accounts


orangeman18
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My neighbour found out recently that money had been syphoned out of his current account,

as the bank had linked his current account with a business account which the neighbour was not aware of.

 

Subsequently, £15k has been removed over the years by the old company director.

 

Natwest have investigated this fraudulent activity and state that they are not liable.

 

My question is this:

 

Are Natwest liable as they failed to inform the customer of the joining of the accounts?

 

Is there any avenues of complaint other than the bank and financial ombudsman which is not worth its title?

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sar them first

prove them wrong

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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All accounts held by the same bank are linked to the extent that if one was 1000's overdrawn and another 1000's in credit the bank can offset.

Business accounts may have slightly diff rules.

However if an old company director is on the joint business account they can withdraw funds. It is up to the company secretary or accountant to have names removed or applied.

It is the current directors responsibility to keep the records up to date.

The bank is not liable, as they are only doing as instructed.

You could sue them civilly tho ( the old company director)

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so there nothing with his signature to request the account opening?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

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