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Richard's complaint against Santander
Santander Closes Business Bank Account at Whim !
Complaint against Santander
Santander is closing vast swathes of business accounts for no apparent reason. Not content to rip people off over PPI and overcharge them with banking fees, now if you don't take their overdrafts or loans or use their fx services or go overdrawn or get bank a charges - in short, if they cannot make enough money out of you, they cannot be bothered with your account and they close it. This just causes masses of hassle as getting a new business account requires that all directors re certify their documentation. They should have a duty to provide business accounts to small companies in return for their banking licence.
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