PayrNet Limited

Financial Ombudsman decision DRN-4286520 Upheld

Upheldoutcome, as published by the Ombudsman

£2,646redress stated in the decision

Wed Apr 03deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Account closed or refused, Funds blocked or frozen

In the Ombudsman’s words

PayrNet told Mr Z that his usage of the account was not in line with its terms so it decided to close it.Account closed or refused

PayrNet held it back saying this was in order to carry out due diligence checks.Funds blocked or frozen

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4286520.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.