Update...I was told children's accounts are held in trust so not part of trust deed, but had to move them as I no longer had account with them.
Went in today, just asked for them to be closed, they never asked any questions as to why and gave me cash...one less thing to worry about.

That's good FF36.

People often express worry here about being asked questions why they're closing their accounts (usually their current accounts).

In reality few seem to be asked and, of course, there's no compulsion to answer (or to answer truthfully!) even if you are.

It's good to hear that it's worked out FF36 and been pretty straight forward.

I was in the bank today paying my credit card and was asked who my main banking was done with (credit card is with another bank), who my home insurance was with and when the renewal was, did I have any savings that I would like to transfer to them. When I told them who I banked with they then proceeded to tell me about all the problems that particular bank have been experiencing and that loads of customers have left them to join their bank. It was hard selling at its best. I did get out in one piece though.

Glad things are sorted.

Paul

There was an interesting thing in the news yesterday about Lloyds being fined £28m by the FCA for putting pressure on staff to sell to customers. One former employee even sold insurances etc to himself, his wife and other members of his family just to reach set targets.

I've often wondered when banks etc are fined these huge sums, who actually gets the money?

Mark

Here you go Mark ! (from BBC News website) 🙂

"The money goes into what is called the consolidated fund, which is effectively the government's current account for general expenditure.

But the Treasury has stated specifically that it intends to give money collected in Libor-related fines so far to military charities. In October, the government announced it would pay £35m to the armed forces community .

Among the recipients are Help for Heroes - which will receive £2.7m to support veterans suffering from mental health issues - the Royal Marines Families and Veterans Centre in Dorset, which is getting £2.3m, and Army Play, which was awarded £1.5m.

The government has also committed to transfer £10m a year from Libor fines "in perpetuity" to armed-forces charities.

And in the recent Autumn Statement, the chancellor announced that a further £100m of Libor-related funds would go not only to "our brilliant military charities" but "to extend support to those who care for the work of our police, fire and ambulance services".

However, the Treasury has given no indication of what the money will be spent on in future years.

It may well get swallowed up in general government expenditure but, for now at least, the money collected from bankers' dodgy practices is being put to good use."

Thanks for sharing that Buz.

It's good to see something positive come from this dreadful corporate malpractice.