Silver Britannia’s.

[Arne]

good evening everyone my name is Arne I have recently joined the forum and made a couple of purchases with some help from members I have tried recently to purchase a reasonable quantity of silver britanias and pay by bank transfer  the bank have frozen my account and the recipients which is highly embarrassing. I think it’s sorted now but wonderd if anyone else has suffered the same fate .

I certainly hope not but would be interested to hear.

[Bigmarc]

3 minutes ago, Arne said:

good evening everyone my name is Arne I have recently joined the forum and made a couple of purchases with some help from members I have tried recently to purchase a reasonable quantity of silver britanias and pay by bank transfer  the bank have frozen my account and the recipients which is highly embarrassing. I think it’s sorted now but wonderd if anyone else has suffered the same fate .

I certainly hope not but would be interested to hear.

Yes happened to me, turns out the lady buying bars from me was using her husband account, it got sorted in the end and I did wonder why it was stopped. There must be a red flag somewhere as I didnt think it was random. 

[Arne]

Well I’m sorry to hear it’s happened to you but glad it’s not just me I have never had this happen before , it is highly embarrassing.

[Bigmarc]

8 minutes ago, Arne said:

Well I’m sorry to hear it’s happened to you but glad it’s not just me I have never had this happen before , it is highly embarrassing.

Banks seem to be getting worse, I actually left Barclays for this reason. I turned up to buy a car once, paid ove a few grand and the guy didn't receive it for 5 hours. Tried to phone Barclays and the phone lines were closed at weekends. He thought I was trying to rob him and I thought he was  conning me. Very stressful, it's almost like someone should invent a decentralised payment system where there is no middle man.

[Paulo]

10 minutes ago, Bigmarc said:

Banks seem to be getting worse, I actually left Barclays for this reason. I turned up to buy a car once, paid ove a few grand and the guy didn't receive it for 5 hours. Tried to phone Barclays and the phone lines were closed at weekends. He thought I was trying to rob him and I thought he was  conning me. Very stressful, it's almost like someone should invent a decentralised payment system where there is no middle man.

Yep, it's called Bitcoin!

[Arne]

What a nightmare I have never had to work so hard to spend my money.

[Pete]

Significant and unusual purchases can alert some ( would argue the better ones ) banks so they are really protecting you.
Some banks require secondary authentication before taking money out of your account.
It can be frustrating but less so than seeing your account emptied one day by a scammer.

[Paul]

Anything that you do that is out of the ordinary to your normal day to day usage can trigger, anything can. Great reason to keep as little as possible in a single bank. Have cash in multiple banks, cash for 3 month in your safe deposit box . Don't rely on banks to have your back and look out for you 

[Arganto]

8 minutes ago, Paul said:

Have cash in multiple banks, cash for 3 month in your safe deposit box . Don't rely on banks to have your back and look out for you 

Boss

[modofantasma]

1 hour ago, Arne said:

What a nightmare I have never had to work so hard to spend my money.

Had a few transactions stopped and have had to verify and then repeat. 

If you could actually call a bank and get to a human to speak to it wouldn't be half as bad 

[Bigmarc]

The problem as a seller in this situation is you don't get to keep your address private. If I am selling a grands worth of coins to someone I don't know and there bank wants to know who I am I have to disclose my name and address. Also I have noticed lately I have to verify every online transaction. 

[Bigmarc]

Also not sure if it's just my bank but I am sure they use this method as a red flag. 

[Earthmetal]

I'm sick of this fake "Two-step verification protection". 
I can buy/sell on Ebay/Amazon/Paypal with a single click, but if I want to send a tenner to someone from my bank account, they need a robot to telephone me with a code. Plus, as I don't use a mobile 'phone, and they're all geared up to text codes, it's a sodding nuisance.

Purely designed to force mobile device useage, and likely voice/retina/fingerprint recognition.

I'll take my foil hat off now...

[Arne]

Wow so one on the same page as me and prepared to say it as it is or at least how I see it. I went threw just under two hours of bulls—t just to spend my hard earned money on something I like doing, I am sure they don’t want people taking money out of the banks, probably getting ready for the great re-set.

[bluffer]

its quite simple. 

 

banks are getting shouted at and screwed by regulators, the press, mps etc etc at dear old grannie who got talked into giving that nice man in nigeria £20k for her £10M lottery win,  money laundering etc.  what we are seeing now is the result.  banks being more careful about transactions all over the place, especially now they are being told they should repay ANY accusation of fraud.  There are ways out for the banks at the moment, whether they will get closed down who knows.

so to protect the people who have been, are and will be scammed, the rest of us have to put up with this - double verification, questions asked in branches when you take cash oput, acct nbr and name matching.   want to move to bitcoin?  fine, try moving it in then out to/from cash.  you will get hit at one point or both for the same reason.

 

( could happily fill this response with pages but, decided on the short version )

 

 

[Earthmetal]

8 minutes ago, bluffer said:

banks are getting shouted at and screwed by regulators, the press, mps etc etc at dear old grannie who got talked into giving that nice man in nigeria £20k for her £10M lottery win,  money laundering etc.  what we are seeing now is the result.  banks being more careful about transactions all over the place, especially now they are being told they should repay ANY accusation of fraud.  There are ways out for the banks at the moment, whether they will get closed down who knows.

so to protect the people who have been, are and will be scammed, the rest of us have to put up with this - double verification, questions asked in branches when you take cash oput, acct nbr and name matching.   want to move to bitcoin?  fine, try moving it in then out to/from cash.  you will get hit at one point or both for the same reason.

I realise that's the apparent reason we all need "protecting", I just don't buy it. It's a facade.

[HerefordBullyun]

Just now, Earthmetal said:

I realise that's the apparent reason we all need "protecting", I just don't buy it. It's a facade.

Correct. Banks arent there for you as the customer.

[Minimalist]

21 minutes ago, Earthmetal said:

I realise that's the apparent reason we all need "protecting", I just don't buy it. It's a facade.

Glad people are coming to realize it.

[LawrenceChard]

4 hours ago, Arne said:

good evening everyone my name is Arne I have recently joined the forum and made a couple of purchases with some help from members I have tried recently to purchase a reasonable quantity of silver britanias and pay by bank transfer  the bank have frozen my account and the recipients which is highly embarrassing. I think it’s sorted now but wonderd if anyone else has suffered the same fate .

I certainly hope not but would be interested to hear.

 

4 hours ago, Bigmarc said:

Yes happened to me, turns out the lady buying bars from me was using her husband account, it got sorted in the end and I did wonder why it was stopped. There must be a red flag somewhere as I didnt think it was random. 

 

2 hours ago, Paul said:

Anything that you do that is out of the ordinary to your normal day to day usage can trigger, anything can. Great reason to keep as little as possible in a single bank. Have cash in multiple banks, cash for 3 month in your safe deposit box . Don't rely on banks to have your back and look out for you 

 

54 minutes ago, bluffer said:

its quite simple. 

banks are getting shouted at and screwed by regulators, the press, mps etc etc at dear old grannie who got talked into giving that nice man in nigeria £20k for her £10M lottery win,  money laundering etc.  what we are seeing now is the result.  banks being more careful about transactions all over the place, especially now they are being told they should repay ANY accusation of fraud.  There are ways out for the banks at the moment, whether they will get closed down who knows.

so to protect the people who have been, are and will be scammed, the rest of us have to put up with this - double verification, questions asked in branches when you take cash oput, acct nbr and name matching.   want to move to bitcoin?  fine, try moving it in then out to/from cash.  you will get hit at one point or both for the same reason.

( could happily fill this response with pages but, decided on the short version )

 

This reinforces an argument to keep using cash, as @Paul seems to agree.

In small amounts it works very well, especially for local in person transactions.

I large amounts, it runs into anti-money laundering checks, and over £10,000 it hits a brrick wall.

It doesn't work very well for online purchases, hotel reservations, and the like.

It does take longer to count, costs more to pay into banks, and poses a greater physical security risk.

I am not advocating a total return to cash, simply airing a few observations.

All payment methods have advatantages and disadvantages.

😎

[LawrenceChard]

2 hours ago, Paul said:

Anything that you do that is out of the ordinary ... can trigger, anything can. 

That almost sums up much of my life!

😎

[DrDave]

I was on a cruise a few years back and on the last day we booked the following years cruise from the ship. The payment went through an American bank. On the same evening, we played the casino so needed to draw USD from the onboard cash machine, which cleared through a French bank. And the following morning, docked in Venice and tried to pay for a meal on land. My bank stopped my account and even when i rang them they insisted that it wasn't possible to be in so many places in such a short time (unless i was santa claus maybe?)

It took a while, but eventually it was sorted. But to be honest, i'd be pleased if they'd stopped a cloned card or some other scam. Awkward though

 

[modofantasma]

12 hours ago, Bigmarc said:

The problem as a seller in this situation is you don't get to keep your address private. If I am selling a grands worth of coins to someone I don't know and there bank wants to know who I am I have to disclose my name and address. Also I have noticed lately I have to verify every online transaction. 

Just been closing Barclays accounts this morning. Far more issues than other banks and near impossible to get a human on the phone (funny how retentions department had me answered within minutes) 

[Bigmarc]

4 hours ago, modofantasma said:

Just been closing Barclays accounts this morning. Far more issues than other banks and near impossible to get a human on the phone (funny how retentions department had me answered within minutes) 

I opened an account with metro Bank after that experience. Open 7 days a week, speak to a person and when the missus lost her card she just walked into a branch and they printed a new one off in house, handed it over straight away as they have a photo of her on file. 

[HerefordBullyun]

13 minutes ago, Bigmarc said:

I opened an account with metro Bank after that experience. Open 7 days a week, speak to a person and when the missus lost her card she just walked into a branch and they printed a new one off in house, handed it over straight away as they have a photo of her on file. 

Is metro a subsidiary of the big 4?

[modofantasma]

18 minutes ago, Bigmarc said:

I opened an account with metro Bank after that experience. Open 7 days a week, speak to a person and when the missus lost her card she just walked into a branch and they printed a new one off in house, handed it over straight away as they have a photo of her on file. 

Thanks I've not got one of metro I'll take a look.

7 minutes ago, HerefordBullyun said:

Is metro a subsidiary of the big 4?

I think they are standalone from what I read. They apparently operate with their own license (if you're thinking in regards to the £85k 'protection' there's info below) 

https://www.fscs.org.uk/check-your-money-is-protected/

 

Sorry for derailing the thread 😬