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Cater Allen - Terminated account 60 days notice

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    Cater Allen - Terminated account 60 days notice

    Has this happened to anyone else? I have been banking with Cater Allen for 5-6 years and my account has always had a very healthy surplus, all of a sudden I have received a letter stating that they are terminating my account and they don't have to tell me why. I have always been extremely happy with them so this has come as a complete shock! can anyone shed any light on the matter and can anyone recommend another good business account?

    #2
    What's your business area/SIC? I gather they've been looking to reduce exposure in certain areas. They've been tightening up various things lately, it seems. Could also be credit-related(?)

    Anyway, probably no great loss for you. Try HSBC.

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      #3
      ps. IIRC, this happened to someone else on CUK not too long ago. You may want to try a search.

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        #4
        Originally posted by jamesbrown View Post

        Anyway, probably no great loss for you. Try HSBC.
        Except, CA is free for balances over £5k (though this charged is waived in certain cases eg. recommendations) and HSBC appears to charge a fee per month (6 months free initially though)

        I'd be pretty annoyed if this happened to me.

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          #5
          Originally posted by jmo21 View Post
          Except, CA is free for balances over £5k (though this charged is waived in certain cases eg. recommendations) and HSBC appears to charge a fee per month (6 months free initially though)
          Around £5.50 a month. Gosh, iniquitous.


          Keep your war chest in the Deposit account and the earned interest cancels it out

          I'd be pretty annoyed if this happened to me.
          I'd be demanding a written explanation, if only to ensure that haven't just f***ed up my credit rating.
          Blog? What blog...?

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            #6
            Im with CA and not had anything like this.

            Then again I wouldnt mind too mcuh they've ****ed things up badly a few times. I've just not had chance to sort something else out.
            Rhyddid i lofnod psychocandy!!!!

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              #7
              Originally posted by psychocandy View Post
              Im with CA and not had anything like this.

              Then again I wouldnt mind too mcuh they've ****ed things up badly a few times. I've just not had chance to sort something else out.
              Couple of months on the bench not long enough?
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #8
                Originally posted by malvolio View Post
                Around £5.50 a month. Gosh, iniquitous.
                well, quite, look after the pennies and all that. It's the principle more than anything.

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                  #9
                  Originally posted by northernladuk View Post
                  Couple of months on the bench not long enough?
                  Babies mate. Take up all your time (And contract hunting).
                  Rhyddid i lofnod psychocandy!!!!

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                    #10
                    Originally posted by northernladuk View Post
                    Couple of months on the bench not long enough?
                    He's got to walk six miles to his Poundland workfare assignment by 9:00 each morning.

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