I often see people say “don’t send £0.01” “it can trigger an algorithm” but what experience do people have of this?
If there’s no confirmation of payee - or I’m sending a large figure and I want peace of mind that the details are set up right - I will still do it in advance of a larger transfer.
With my father - he has had a larger one held up by a High St bank after sending £0.01, but not the whole account frozen or anything silly like that - so is that what people mean when they say there is a “risk”?
I’ve had payments held up before but never as a direct link to having sent a small amount first.
Is there any risk on the inbound side? Will a bank ever have an issue crediting 1p? Surely not?
I’ll respond no comment to that, but they’re no longer around though safe to say I’m avoiding their successors/group.
At the time I just got a “we’ve closed your account with immediate effect and we won’t tell you any more”. The DSAR didn’t release any internal notes so it could only have been the £0.05, or that they thought I shouldn’t have had an account approved
Pretty sure one guy online I read about had his friend mention ISIS training in the reference and had a very stern warning that the banks have to act very strictly around terrorist financing and to not do that ever again