Account closures

[philippam]

Hiya, I posted on here a while ago looking to make a claim, but I've since moved and haven't had the internet for aaages and didn't want to proceed without the help, support and advice of everyone on here. So I am now shortly going to start my claim.

 

However one thing concerns me, I have noticed that everyone who makes a claim and wins has their accounts closed down. I am in the process of setting up a parachute account as my main account, but I also have an ISA with nationwide, and was wondering if this will be closed down too?

 

The account I had problems with was closed down and I was given a new, cashcard account instead, which has been run immaculately since the day it was opened two years ago. I haven't been overdrawn once, in fact I've been no where near! I realise Nationwide will still want to close down my account but has anyone actually managed to stop them from doing so? And will my ISA be closed down too? I don't really want to bring all these problems up again with my parents, and if I end up having my ISA closed they won't be best pleased

 

Any advice from anyone?

 

Thanks,

 

P.

[austenpowers]

Hi phillipam and welcome back

 

I don't know the answer to your question about your ISA being closed but I'm pretty sure it is relatively easy to transfer an ISA to another bank. You just have to fill in a form with a new bank and they transfer the money without you losing the tax benefits of the ISA. So if nationwide do shut it down they will give you 28 days notice allowing you plenty of time to find an alternative.

 

Surely it's got to be worth it to reclaim all those charges?

 

Best of luck!

[taylormandy]

The Nationwide closed my Flexaccount account once I reclaimed my charges, but seem happy to keep my money in my ISA! There has been no mention of closing my ISA, however, I will be moving it shortly!

[un1boy]

Be careful moving ISA's because, as I understand it (And I may be wrong!) you can only subscribe (pay into) one ISA in any tax year period. So, if you want o move it, your best doing it in time for April 6th 2007.

[BikerPaul]

NAtionwide is worth doing through your local court.

 

My particulars included the following...

 

c) a declaration from this honourable court that the term of the contract leading to the application of the charges is unenforceable;

d) A declaration that any term allowing the defendant to terminate banking services supplied to the claimant without cause is similarly unenforceable;

 

And they agreed in the order that they wouldn't close accounts...

 

That seems to be the trick - make it clear that you want your money back but you don't want to change banks and if they try to close as retaliation, you'll go back to court.

[debt_mountain]

bikerpaul

 

nice twist, wish I had that info when I went after NW.

 

However they have just stated that they are closing the account I am claiming on so my other accounts will be ok. I will then try to open a new flex account in a couple of months. Just for the fun of it nothing more.

[redsue]

We have finally transferred all our banking arrangements to another bank- dd's, wages, standing orders etc - all before their 30 days notice - so tomorrow I'm going into the branch and I'M going to close the accounts ME - not them, ME. I'm also taking the money out of my sons savings account - the can sod off if they think they're keeping hold of him as a customer

[debt_mountain]

wonder what would happen if you opened another flex account with them before they close down your account. My letter is closing the account with the charges on it, but what if (just for fun ) I opened a fresh flex account, just a basic account. One upmanship.

 

Do you think they would notice? a big cash cow like this? I like the idea of having a NW account for use on holiday (cirrus) as it is the cheapest way to get to your cash.

[redsue]

They may do - seeing as you claimed twice - ha ha - they most probably have a 'wanted' sign of you in every branch - do not approach this man and let him have banking facilities - we've just had to give him 10k back! :)

I've been thinking of loitering near their cash machines with flyers about CAG but then realised I'd look extremely dodgy and most probably get myself arrested :grin: :grin:

[Guest Botsy]

My money was refunded last week and today they have given me notice that they will be closing my account in 30 days.

 

They sent me a letter stating I had to pay my overdraft off -I don't have an overdraft and haven't had one for some time! It seems they set out now to deliberately aggrevate their customers.

 

Can they legally close accounts because customers have taken them to court and if so, would it be too late to take this up in court again?

 

I have asked them to send me a copy of their Terms and Conditions as the 'standard' letter I received stated that I had not operated my account properly by taking them to court.

 

It surprises me that a large organisation like Nationwide are throwing their toys out the pram!

Annoyed customer.

[Almo23]

Biker Paul I wonder if I could beg a favour - would you to be able to give me the full details of your particulars of claim? I really don't want them to close my accounts but am struggling to fit everything in the particulars of claim as it is!

[BikerPaul]

Biker Paul I wonder if I could beg a favour - would you to be able to give me the full details of your particulars of claim? I really don't want them to close my accounts but am struggling to fit everything in the particulars of claim as it is!

 

Hi

 

Sorry, I really can't, due to a confidentiality order.

 

What I can do is write you some particulars of claim.

 

PM me...