I am a small investor. I recently sent a bank transfer to Cyprus, where my business partner is. Bank blocked the transfer and the only explanation I got, was that the financial regulations in Cyprus are loose-er comparing to UK and that the company I want to invest with is trading in cryptocurrencies and it has bad reviews on trustpilot. (Hello Nationwide! your trustpilot reviews are not good either, yet you claim to be legit!) At the same time they ignored me trying to explain that I'm doing business with this company, I know it and I want this transfer to go thru. Next thing I know my bank account is frozen, my banking application is blocked, my internet banking is blocked and I have no control over my money anymore! I struggle to contact with their departament they fancily call Fraud Departament, when this magical dept calls me, they can't even give me the correct number so I can call them back. After submiting requested documentation proving the transfer to be legitimate I get "friendly" email saying their lordships at Nationwide will consider, in the mean time "I am not to contact anyone in the bank"!
DISASTER!!! STAY AWAY!!!
Reviewed on: 13th April 2024
