My bank's shutting my accounts but won't tell me why [LBC Legal Hour]

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Michael's bank accounts are being shut down and he has no idea why, but Daniel thinks he knows the answer.

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♨️ IMPORTANT INFORMATION:
This video is published by Employment Law Services Limited. The information in this video is for general guidance only and, although the presenters and publisher believe it was correct at the time it was recorded (December 2023), the law may have changed since then. You should always seek your own independent legal advice. Please note that for employment law, the law explained applies to England, Scotland and Wales. For all other areas of law, it applies to England only.

PS: Some of the links in this description are to my own products or are affiliate links that I get a commission from.
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To be honest, the caller is a liability. Costing the bank more servicing the account and paying out for his mistakes. Not surprised they de-banked him.

rayw
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Let me just educate you on how getting scammed works..

Did they phone you? HANG UP. It does not matter what they say, if you think there might be a genuine reason, just google the company and select the NON-SPONSORED links to the company website. If a "company" writes to you, NEVER phone the number on the letter - just google the company and select the NON-SPONSORED links to the website.

It's really that simple folks, people are so desperate for money they will do ANYTHING.

stephenlyon
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10 times, hmmm. Can’t blame bank if they have made him whole for more than his account is worth present and future.

coderider
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Where I'm from, you DO have the right to a current account. The UK is weird.

roberto
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If they've given him notice it means they don't want the caller as a customer, it will be a risk based decision.

leesaunders
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Is that Nigel Farage putting on a silly voice?

HottyHelen
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Amazing that he has a bank account with money in it!!

kevinfarrell
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Sounds like Monzo... They just do this at random

petecoventry
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The caller is a complete liability. Well done the bank for getting rid of him.

Nightstalker
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Should Michael even have control of a bank account? To be scammed 10 times suggests some kind of impairment. He can't keep his money safe.

TheChocoboWhisperer
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This is good news for the customer. A fresh start with a fresh bank will make it harder for those scammers to repeat their tricks.

Considering banking servcies are almost identical, it shoulsnt be too much trouble

nathc
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Nicely handled Daniel, .. 10 times wow

jimmyguitar