I first heard of bank accounts being stopped for no apparent reason roughly four years ago.<\/p>\n\n\n\n
People were complaining that they couldn’t get their money, and banks were refusing to explain why.<\/p>\n\n\n\n
Initially, the issue appeared to be with some of the new online digital banks.<\/p>\n\n\n\n
However, as instances began to spin out of control, some of the major high street banks followed suit.<\/p>\n\n\n\n
Many users have experienced problems afterwards, and many are still locked out of their accounts.<\/p>\n\n\n\n
Account freezing has increased in recent weeks. So, what exactly is going on?<\/p>\n\n\n\n
The law, money laundering, and what the computer says<\/p>\n\n\n\n
Most banks will not tell you why an account has been frozen, placing you in a tough situation.<\/p>\n\n\n\n
You can’t receive clear answers on what caused the problem, and you can’t remedy mistakes without them.<\/p>\n\n\n\n
They are not permitted to tell you whether an inquiry into money laundering is underway. However, in reality, this is not very prevalent.<\/p>\n\n\n\n
Some banks appear to have been too cautious, extending these regulations to any “suspect transactions” that are outside of your typical account profile.<\/p>\n\n\n\n
This may be a \u00a3500 payout from a family member at random.<\/p>\n","protected":false},"excerpt":{"rendered":"
I first heard of bank accounts being stopped for no apparent reason roughly four years<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[591],"tags":[1075],"class_list":["post-17028","post","type-post","status-publish","format-standard","hentry","category-news","tag-bank-account"],"yoast_head":"\n