Barclays freezes account to reconcile - **RESOLVED** and money returned

[Bdhshss]

Pls Help me

i  work hard with my wife she was pregnant at that time

we have been working together every week

we get our wages have always been taking it out in cash and saving this at home

 

when she gave birth i became self employed, we had amassed £8000 cash,  i then decide to put this money to my barclays account 

 

the next day i opened my mobile banking app and it said its £0.00 and said -£8000 to reconcile 

Edited January 4, 2022 by dx100uk
converted to english as best i can

[dx100uk]

is this barclays?

 

 

[Bdhshss]

Yes went to the branch this morning they said we cant help you barclays have frozen take that money for a reason but for what reason they dont know

 

i have made a complaint and they said you have to wait until they contact with you but don't know when 

Edited January 4, 2022 by dx100uk
converted to english as best i can

[dx100uk]

quite frankly it was a silly idea to keep removing cash and then paying it back into the account in one large lump sum

under banking laws they are obliged to investigate this under money laundering rules and will lock the account for weeks now.

 

 

[Bdhshss]

im 21 years old and didn't know this could happen, will i get my money back ?

 

i've got all the invoices and payslips 

 

Im so worried now

i have a job going that i need to buy materials for and need to live - that £8000 was all my savings 

Edited January 4, 2022 by dx100uk
converted to english as best i can

[dx100uk]

please stop using reported posts now.

 

only post here in this thread in a new msg box.

 

i think you will find it matters little what evidence you have , you have too sadly wait a week or 2 for them to release the account.

 

i see you have read numerous like  threads by other people, so you should know this by now.

 

[slick132]

Hi Bdh,

 

Can you tell us more about :-

 

1. What work did you do before you were self employed.

 

2. What work do you do now as a self employed person.

 

3. Do you deal just in cash in your business for income you receive and materials you buy.

 

4. When did you pay the £8,000 into the bank.

 

We have seen many cases where the bank holds your money for weeks but they can tell you nothing about what is happening.

 

You need to do whatever you can to manage without the money for now, until you get it back. You should also think about opening a new account with another bank, in case Barclays close your account when this is sorted.

[Bdhshss]

Construction job renovation house

[honeybee13]

You've reported Slick's post but I think you meant to put this on your topic. Just a reminder to type in the box below the most recent post and not hit Report please.

 

i used to work as an operative in a warehouse with my pregnant wife

after 3 months i changed my job to flt driver

i worked there for some period, about 1month, my turn over was small

 

i start being self employed. whenever me and my wife received our wages money we use to take it all out as cash and save it in our home

 

when we had amassed £8k i put in into my barclays account ,after 5 days its says -£8k to reconcile and reference number then Nmp adv

 

i dont know  what that means

Edited January 4, 2022 by dx100uk
converted to english as best i can

[dx100uk]

they suspect you of money laundering.

 

 

[Bdhshss]

Why do you thing like that?

[honeybee13]

Because that's often the reason that a bank freezes someone's account, so they can investigate.

 

You've sent two more Reports of posts with answers that are already on here. Hitting Report isn't going to get you answers, you need to ask all of your questions on this topic please, in the white box below the most recent post/message.

 

HB

[Bdhshss]

Okay thanks ist just worried 

[honeybee13]

That's understandable. Have you done the things Slick and dx have suggested? And please could you answer all of Slick's questions in post #7.

 

HB

[Bdhshss]

i used to work as an operative in a warehouse with my pregnant wife

after 3 months i changed my job to flt driver

i worked there for some period, about 1month, my turn over was small

 

i start being self employed. whenever me and my wife received our wages money we use to take it all out as cash and save it in our home

 

when we had amassed £8k i put in into my barclays account ,after 5 days its says -£8k to reconcile and reference number then Nmp adv

 

i dont know  what that means

Edited January 4, 2022 by dx100uk
converted to english as best i can

[honeybee13]

Thank you for that. Could you answer questions 3. and 4. as well please?

 

HB

[Bdhshss]

I deal some time with cash some time with card but i keep all recipts i put my money on  20 october

 

[slick132]

Hi Bdh and thanks for the answers.

 

As I said above, you should try to open a new account at a different bank, in case Barclays decide to close your account.

 

You will get your money back from Barclays, but we can't tell you when this will happen. 

 

In the future, use a bank account regularly to pay money in, don't wait so long and then pay in a large cash amount.

[Bdhshss]

Thats fine, i used my wife monzo account, we have been saving this money at home until it became a large amount

i open savings account with barclays and paid it all in cash there

 

we lived with my parents before and i tried to open business account with barclays but they declined me.

 

i also get my benefits money paid there as well

 

Im a stupid idiot i never in my life gonna do that again 

Edited January 4, 2022 by dx100uk
converted to english as best i can

[dx100uk]

get away from barclays totally. stop using them . closed the a/c when this is resolved

 

they are buggers at doing this to people at the drop of a hat, but sadly i must say you somewhat caused this yourself even if it was innocent.., next time dont ever pull stunts like this, there is no need hoard cash then pay it back in in one lump sum

[Bdhshss]

Yes i will. I want to go court to make them pay compensation for that 

[dx100uk]

cant see you have a reason to do court.

 

no compensation would ever be awarded in this situation.

they are simply strictly enforcing the banking rules they must abide by.

 

dx

 

[Bdhshss]

They take even child benefits which i get paid

[slick132]

The bank is following Anti Money Laundering Regulations. They have to do this and you will not get any compensation from them.

 

You will get access to your money again but it's a matter of how long you have to wait.

[honeybee13]

Bdh, you say that your wife has a Monzo account. Can you ask the DWP to pay the child benefit to that?

 

HB