Property News · January 22, 2017

‘Barclays took my £440,000 and put me through hell’


Customers are getting caught up as banks de-risk due to money laundering laws, and the consequences can be disastrousLast September Mohammad Rahman won a four-year battle for compensation for disabilities caused by clinical negligence. A court awarded him £500,000, which was paid into the current and savings accounts he held with Barclays. The victory was short-lived: when he withdrew £60,000 of the payout, Barclays froze both accounts.In vain did Rahman (not his real name) supply evidence that the payment was legal. Two months later Barclays confiscated the remaining £440,000 and closed his accounts. It then charged him £24 in fees when, because of its actions, three payments failed. “I have been treated like a criminal,” says the 26-year-old from Manchester, who has spent more than 30 hours at his local branch trying to gain access to his money. “In all this time I have not received a single letter or phone call explaining what has happened.” Continue reading…

Source : theguardian.com
Read more…‘Barclays took my £440,000 and put me through hell’

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