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Question - Early settlement


Catlover64
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Afternoon - just a quickie which I hope someone can help me out with....

 

I've got a loan with Welcome which I'm now in a position to settle in full. So I wrote to them asking for early settlement figures which I've now received.

 

Called them this morning asking how I can settle as I have no chequebook on my account, and was told I could settle with a debit card. Gave them the number and was then asked how was I able to settle the loan.:o WTF I thought - I've had loans with you before, always settled in full and I've never been asked that. So I asked them why did you want to know when the money's coming from my personal bank account. It's for money laundering reasons was the reply. So I terminated the call, and thought I'd ask the question:

 

The money was obtained by legal means. My bank know where it came from. Is there a legal responsibility for me to tell Welcome the same info? Personally, I think this is intrusive, and only my bank, govt bodies who need to know or the police can ask for this info.

 

Can someone tell me?

 

TIA:)

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Well, perhaps if you can, go and get a counter cheque and pay with that, as for how the money got into your account, begger all to do with them IMHO

Lula

 

Lula v Abbey - Settled

Lula v Abbey (2) - Settled

Lula v Abbey (3) - Stayed

 

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