Nationwide blocks accounts 'without warning' - leaving people …

Dec 23, 2024 · Nationwide's move to suddenly block key "lifeline" accounts has raised alarm, leaving numerous Britons effectively "cut off". The banking giant is among several UK banks …

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Nationwide Alert As Accounts May Be Blocked For 72 Hours

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Dec 24, 2024 · Worryingly, Nationwide added, some 4% of people lost more than £1,000 on a single bet over the last twelve months. Almost one in ten (9%) have lost money they rely on, …

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Why has nationwide blocked 'lifeline accounts'?

Nationwide has blocked ‘lifeline accounts’, leaving users without access to vital funds as the bank will stop offering the account type altogether beginning today. Many of the trust accounts, accessible by a third party nominated by the account holder, have been effectively ‘axed’, alarming users of the popular bank. ...

Is nationwide 'cutting off' a 'Lifeline' account?

Nationwide announced today that it is set to buy Virgin Money in a Â£2.9bn takeover deal, forming the UK's second-largest mortgage and savings group. (Photo by Dan Kitwood/Getty Images) (Image: Getty Images) Nationwide's move to suddenly block key "lifeline" accounts has raised alarm, leaving numerous Britons effectively "cut off". ...

Is nationwide closing bank accounts 'without warning'?

Nationwide is closing bank accounts "without warning" leaving some Brits without access to their money. The high street building society is one of many British banks phasing out its "Trust" accounts, which allow people to appoint a third party to manage their finances for them. ...

Is nationwide phasing out 'trust' accounts?

More info Nationwide has finally spoken out after numerous clients were left in distress due to the abrupt closure of their accounts. The building society is currently phasing out its "Trust" accounts, prompting it to freeze these accounts while transitioning away from the service. ...

Why are national account holders being blocked from accessing cash?

According to a report from the Guardian, Nationwide account holders are now being blocked from accessing the cash while the building society prepares to close trust accounts for good. ...

How does nationwide break silence?

Nationwide breaks silence as customers cut off and accounts closed 'without warning' Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info ...