Well that's good mate. Oh btw I forgot to mention Natwest also sent me letter on 7th of January saying they were going to close my accounts within 60 days. Now I am looking else where. Can anyone recommend a bank that doesn''t piss about like Natwest?

Going for business account instead of personal one is best I think. Bank will be less concerned about large volumes and multiple transactions.

Santander has its flaws but its best one I used so far. You can open up more them one so you can quickly switch when you get fraudulent payment.

Fatguyslim, I definitely think they are involved in manipulation of the market, I was just expressing this to y3peto... Halifax just suspended my account right at that perfect moment before the crash, so I was stuck with all my coins, unable to sell because I couldn't receive or send payments. And then after the crash they lifted all restrictions. What the fuck is that? I mean look how much power they have, we'd be naive to think they aren't capable of manipulating the market in such a way. They are capable of anything, they run the fucking world!

I am currently looking at moving to the Isle of Man if this shit doesn't work out for me over here. Sad really Bitcoin can bring so much to the table here in the UK when everything else collapsing. Will keep you guys updated as I will be getting some info from the Isle of Man in next couple of days.

Coinfloor exchange had a bank account on the IoM but it didn't really help them: http://blog.coinfloor.co.uk/post/97727798351/no-more-faster-payments-from-the-10th-of-october

My natwest account has just disappeared because of potential fraudulent payments. Can anyone offer advice?

My account was closed because of money laundering allegations. Your might be to do with scammers sending payments from third party accounts

Did you lose out on any money?

They say they want to take like 3500 of paymenta back because of potential fraud. I haven't even got that much

Like 12 bitcoin I sold were apparently fraudulent do you think the money will get paid back but I will lose out on all the coin??

make sure you have all the proof that you sold the coin! you shouldnt have to pay because of poor bank security, if they can have fraud proof systems then thats there problem, you sold in good faith...

Hopefully yeah, all proof of sales has been sent

lol, bank security...They try to put all security requirements and losses on the merchant.

@scottemick.. when did this happen.. u ppl r discussing now???

Banks all over the world want the seller or merchant to do all the due diligence, customer identification, and take all the losses in cases where the buyer claims fraud. This is nothing new if you have been in business before, they do this with merchant services, bank transfers, mim scams, etc. Paypal is actually one of the most merchant friendly payment processors believe it or not with their dispute resolution process.

Bank payments other than SWIFT or what is called a wire are easily disputed and reversed. In the USA Chase payments, pop money, ach, etc are all easily reversed. This is why large sellers like 2nd market prefer bank wires. The guys that do accept ACH make sure the customer is thoroughly identified.

I haven't got any ID to send to the fraud team...

> @fatguyslim "My account was closed because of money laundering allegations" FatGuy ... first thing send a letter to the head office stating you want a "Subject Data Access Request" On your information, any dealings, phone conversations or anything they hold electronically, and ask where to send the £10 fee ( Could be sarcastic and ask if they accept bitcoin for the fee ) This will start a formal process that can be escalated to the ICO ( Information Commissioners Office ) They have 40 days from when they are made aware and receive the fee to print off EVERYTHING, statements, correspondence, internal memos etc and get it to you via a secure and traceable post method. You will find on there will be a back office function on the system saying... "If the customer asks why ... say this AND NO MORE" ( You will see the script the manager is given ) There may be a link or file or note along the lines of KYC/AML or a cryptic message saying "Information received from ..... " this is what you are interested in. Barclays may have told them .... if so repeat with Barclays send £10 and you will find out HOW they suspected and if anyone has called in and informed or if a system flagged you..... So now you have the information. Next is to dispute any automated system, inform the bank and then escalate to the ICO. Complain to the ICO the system is unfair. Unless it was a person who "informed" which you will be able to see. They may legitimately remove a phone number, but the name must remain. If this is the case then a bit if detective work should reveal the details ;) old trade history, bank account receipts etc. This costs the banks ££££££'s as they will have someone running round for a few hours collating etc etc .... Any frozen monies inform that you expect interest @ 2% over bank base rate and that you will also send start a small claim courts / money claim online for the loss of use of the funds, and what you think it will loose you in being unable to trade. Moneyclaim Online costs £30. Keep it under £1000 and the bank wont offer a defence ( Costs them over £1000 to get a solicitor to defend ) Also let me know via private message what is said and I will certainly help all I can :)

Wow due process in GB is awesome...Here they just throw you in GITMO