That relies upon the sort of record and the justification for which it was hindered. Normally, withdrawals are an issue instead of stores. Be that as it may, there might be events, for example, when a ledger is hindered by an administration, when any exchange at all becomes restricted.
Banks have the power and carefulness to freeze accounts assuming they suspect record holders are leading criminal operations. Banking guidelines became stricter after occasions like the September 11 fear monger assaults to get serious about criminal undertakings that utilization monetary establishments to lead their business.
Take note of the following
1.You can still receive deposits into frozen bank accounts, but withdrawals and transfers are not allowed.
2.Banks may freeze/block bank accounts if they suspect illegal activity such as money laundering, terrorist financing,writing bad checks.
3.Creditors can seek judgment against you which can cause freezing/blocking of your account.
4.The government can request an account freeze for any unpaid taxes or student loans.
5.Check with your bank or an attorney on how to unfreeze your account.
Comments
Post a Comment