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Original poster

I've got myself in a mess with a bank account

23 replies

Bunnybigears · 05/02/2021 22:26

A few years ago I was persuaded to open and manage a bank account for my sons sports team, so I suppose I became the treasurer. It was a treasurers account for small groups/charities etc. I was the main signatory with two other named signatories but they literally isn't do a single thing with the account, didnt register for online banking never registered their debit cards etc. Anyway fast forward and my son has left the team and I have resigned as treasurer and handed over the bank account to one of the other signatories. Now as they hasnt registered for online banking they couldn't access the account and had some urgent transactions to make so I gave them my log on details (I know this was a huge mistake). They promised they would contact the bank to remove my name and sort out their own log ins etc but this really doesn't seem to be happening. If I contact the bank with only basic info such as account number etc because I gave everything to the other person will they be able to remove my name? I'm not comfortable being associated with something I have no control over.

OP posts:

Elieza · 05/02/2021 22:38

I’d do the whole “I’ve forgotten my password” routine online and reset the info ASAP if that other person hasn’t already done that and blocked you from accessing it.

Then I’d check no money had been fraudulently withdrawn and then if all was ok, I’d contact the bank myself to detach myself from the account.

It was a big mistake to give her your login details. She could have done anything. And because you have them to her, YOU would be held responsible for anything fraudulent that happened as you’ve gone against the terms of the account presumably by disclosing info you shouldn’t have.

ISavedAllTheThings · 05/02/2021 22:42

But you said you didn't register for online banking or do anything with the account, so how could you have log in details? And how could the club have paid for anything or made sure fees from members were paid on time if you werent checking and managing the money?

ISavedAllTheThings · 05/02/2021 22:45

Sorry. Just realised the other 2 signatories were the ones who didnt register. Ignore me.

Have you spoken to this other person?
Go online, check the account then change your password and tell them that you allowed them to use your details for the emergency/urgent transactions but they have had ample time to sort it out now. If they havent then suggest that you simply close the account, and give them a cheque for the full balance plus all statements and they can start again.

Interested in this thread?

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General money

Original poster

Bunnybigears · 05/02/2021 22:46

@ISavedAllTheThings I had registered and controlled the account it was the other signatories that hadnt

OP posts:

Original poster

Bunnybigears · 05/02/2021 22:50

As they havent changed anything im still getting posted statements so I know nothing dodgy has been going on. I will try and get into my account and see if I can remove myself. I did think about closing the account and giving them a cheque for the balance but as they wouldn't have a team account to pay it into would it have to be in someone's name as I dont think that would be a very good idea.

OP posts:

CloudPop · 05/02/2021 22:52

@Bunnybigears

I'd go with that approach. Their problem. Or ask that they create a new account and you transfer the balance across.

Original poster

Bunnybigears · 05/02/2021 22:53

The problem with asking them to do anything is that it just won't happen, much like the removing my name from the original account which was supposed to have happened 4 months ago!

OP posts:

CloudPop · 05/02/2021 22:59

Ok then close the account, post a cheque with recorded delivery and leave them to it.

titchy · 05/02/2021 22:59

No they probably won't just remove you sorry. Barclays should ask for a copy of the formal minutes electing the new treasurer and then the new treasurer will have to become a signatory if they aren't already.

For the moment do as other have said and get the password reset. Then email the chair or whoever saying you need for formally resign and a replacement elected. Stress that you have changed the password and that you have no intention of resetting it or helping them out until they have dealt with this.

Blancsav · 05/02/2021 23:07

Exactly as @titchy said, formally inform the next in line of the steps that you have taken, request a read receipt on email also. Remove yourself before it gets more complicated

LunaHeather · 05/02/2021 23:10

@CloudPop

Ok then close the account, post a cheque with recorded delivery and leave them to it.

Do this, otherwise nothing will happen.

LawnFever · 05/02/2021 23:13

Don’t close the account, I don’t even think you can if it’s a charity account as you’d need minutes from a meeting to back it up

Change your log in password ASAP. Then call the bank and check what the process is to change the details to someone new, I’m a treasurer in similar capacity and we have to complete an online form & submit a copy of the meeting minutes stating who should & should have access. Its normally done quite quick and should’ve been done as part of the process of you resigning but shouldn’t take too long to sort out

I know you’ll probably think they should sort it, but if you don’t it’s likely it’ll never get done so worth getting it sorted

LawnFever · 05/02/2021 23:14

@CloudPop

Ok then close the account, post a cheque with recorded delivery and leave them to it.

You can’t do that, you need copies of meeting minutes to back up and account changes for a charity account, they won’t action closing an account without paperwork

LawnFever · 05/02/2021 23:15

any account changes

Original poster

Bunnybigears · 05/02/2021 23:16

Thanks for the advice its not a charity just a small sports team. I wasn't an elected treasurer, we don't have a board or AGMs or anything like that. It was just that I was the only one that could be bothered to get off my arse and sort out an account rather than all the money being kept at the managers house in cash.

OP posts:

LawnFever · 05/02/2021 23:22

@Bunnybigears

But it must be an account in the name of the group, it’s not an account in your own name is it?

Original poster

Bunnybigears · 05/02/2021 23:26

Yes its an account in the name of the group but I'm not sure it would need as much paperwork to amend etc as it would if it was a charity.

OP posts:

LawnFever · 05/02/2021 23:28

@Bunnybigears

Yes its an account in the name of the group but I'm not sure it would need as much paperwork to amend etc as it would if it was a charity.

Ok, yeah change your log in and call the bank and explain you’re stepping down and ask them next steps - maybe they can send the paperwork to whoever’s taking over for them to sort out

titchy · 05/02/2021 23:31

@Bunnybigears

Yes its an account in the name of the group but I'm not sure it would need as much paperwork to amend etc as it would if it was a charity.

Sorry but they will. It's the fact that it's a treasurer account for a small group not an individual or business that determines the process Barclays must follow. Otherwise everyone would be setting up 'community group' accounts and money laundering through them.

TableFlowerss · 05/02/2021 23:53

Just phone bank in morning and tell the whole truth. They’ll block the account and the new treasurer will need to sort it out etc...

It’s not adequate enough to resign as a signatory by telling them (the team) you need to remove your name and any accountability at the bank. Had you done that originally, they wouldn’t have been able to use your account log in details, as they would have been blocked.

It’s really not a big deal in the grand scheme of things. It’s hardly fraudulent for your own gain. You thought you we’re helping. Where it could go wrong for you is if they spend the money with your details etc then you become liable.

Just be honest explain everything and you’ll no doubt get a bit of a ‘well that’s not part of the terms and conditions...’ (in the same way it’s not part of T&C if you let someone use your card but people do it) but it’s irrelevant because you’re removing yourself anyway.

Don’t lose sleep over it but phone back ASAP

TableFlowerss · 05/02/2021 23:56

Hadn’t read full thread before my above response, but just had a quick look now and most of the advice is nonsense!!!

Just tell the truth and that will be the end of it. Don’t start requesting new details etc etc.... 🤦‍♀️

I’m saying this as someone who used to work in this field for years and deal with this stuff regularly!

Beautiful3 · 05/02/2021 23:58

That's a very bad idea. As you have no control over it. It could be used in the future for money laundering. Your name is on it and you gave them your log in details?!! It could affect your credit rating. If I were you I'd call up the bank in the morning and explain what's happened.

LunaHeather · 06/02/2021 00:04

@Bunnybigears

Yes its an account in the name of the group but I'm not sure it would need as much paperwork to amend etc as it would if it was a charity.

Oh I thought it was in your name

I would physically go into the bank to get this one sorted. I wonder if they can temporarily take charge of it and remove your name.

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