The possible reason for why your account would have been closed by the bank is :-
Maybe
1. The bank might have found some unusual activities
2.You might have not used your account for 6 months or more than that ,which would make your account dormant, and the bank will charge dormant charges till the balance becomes zero.
3.You may not be maintaining the minimum balance of your account.
4.You may have not updated your bank account with your renewed passport, visa maybe trade license in case of a company account or any other important valid documents that you didn't submit even after 1 month prior notice given by the bank.
5.You violated the rules and regulations of a bank which may have caused to close your account.
As per my knowledge, these are the possible reasons, if none of the reasons suit for your case,well consult a lawyer who is well known in your city rather than consulting lawyers online, hope this helps you.
Topic: You should never trust banks - page 31. (Read 60784 times)
On the one hand, they are needed, but you can do without them
Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.Without banks we wouldn't have modern trade and economics as we know it. So I dare say that the good outweights the bad. Bitcoin so far is only a blip in economic history. Let's hope it will become more than that.
On the one hand, they are needed, but you can do without them
Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.For hundreds of years banks have been the pillar of financial system, billions of people are using and depending on banks every day, there is nothing wrong with the idea of banking, this is the people we have problem with, they're the ones when have their hands on people's money they start to game the system, manipulation and abuses starts from there. Satoshi made the right call, he removed people and replaced them with code now we can trust the code which is providing a trustless system for us.
I don't trust the banks and think they are all scams. I really like the idea of bitcoin, but I am concerned about such a large price increase. This can be a pyramid. And so I'm wary of crypto currencies.
Maybe the reason why your bank closed your account is it maybe because you did not meet the conditions stated the agreement between you and your bank. Or its just you do not maintain the specific balance you have to deposit in your account. Or just you have done a violation that is the reason to close your account. But banks will not just close your account without giving you a letter of notice. Maybe you just misplaced it or you just ignored that a pending motion against your account is given as a notice into you.
For hundreds of years banks have been the pillar of financial system, billions of people are using and depending on banks every day, there is nothing wrong with the idea of banking, this is the people we have problem with, they're the ones when have their hands on people's money they start to game the system, manipulation and abuses starts from there. Satoshi made the right call, he removed people and replaced them with code now we can trust the code which is providing a trustless system for us.
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.
The public thinks everything is fine because they never saw the issues that were being covered up and then, boom, everything is hot water and the real issues start.
But, for the time being and for some time to come banks are still safe because the government will step in if there is an issue and make it right. No one can deny that current economy runs on bank only.
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.
The public thinks everything is fine because they never saw the issues that were being covered up and then, boom, everything is hot water and the real issues start.
Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands
But the reasons are likely not what you may think
The bosses are doing that not because they want to spite their employees somehow and make their lives more difficult, but they themselves are forced to make the employees open bank accounts where the company sends the wages of their workers. There may be two major reasons for that. First, the government may be urging the businesses to use banks so that the money flows would be more transparent for various government agencies (read less tax evasion and backdoor payments). And, second, it may be actually less expensive and convenient overall since the company won't have to pay for the CIT vehicles and big boys with guns
So it might make sense after all
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.
Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands.
As much as possible many of us doesn't want to get involved with any bank transaction. But it is really necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.
As much as possible many of us doesn't want to get involved with any bank transaction. But it is really necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.
Most of the companies are forcing people to open bank account and to get their paychecks in specific bank. Freedom of choice? Of course not, boss of the company have a good deal for himself if he brings many new customers. And what is the main thing that bothers me, what happen if bank lose your money? Do you get any bonus for waiting? Do you get any bonus for fear for your wealth? Let me tell you if bank lose money then government is forced to give money back too you, and in any case bonuses, big fat bonuses will go to bank directors even they made a big mistake.
At the moment we are forced to use banks, and banks do so little for people that I don't know how they last for so long. Now with bitcoin people have alternative, after hundreds of years we have a weapon against banks, I hope that we will find a way to use it right.
Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands.
As much as possible many of us doesn't want to get involved with any bank transaction. But it is really necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.
As much as possible many of us doesn't want to get involved with any bank transaction. But it is really necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.
On the one hand, they are needed, but you can do without them
Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.And I think the bank is protected by the government. So pretty safe
We don't like banks but in fact we need them. We don't like them because sometimes there's a glitch that is happening like unauthorized widtrawals and other stuffs. But I think we should admit that somehow we also need them, how can we convert our btc to fiat if we didn't use banks? Online wallets are not so secured and when it gets hacks its all your liability and there's no way to get back your coins while in the bank and if this happens there's a possibility that you can recover what the hacker got from you because bank will be liable in what you lost.
On the one hand, they are needed, but you can do without them
Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.And I think the bank is protected by the government. So pretty safe
On the one hand, they are needed, but you can do without them
Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.
On the one hand, they are needed, but you can do without them
I think in today's era of globalization it is impossible for you not to need and use the bank. Especially for office employees like me. My salary from the company is directly distributed directly to my bank account (which requires every employee to have a bank) so there's no way I can not trust and not use the bank)
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
I think op only told half the story, because banks as we know them depends on customers deposits to create more money, so I can't imagine any one of them closing their doors to a customer, except there are things that aren't straight with the account and that could attract the wrath of their masters - the governments.
Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.
Government oversight of banks is useful as a safeguard for the customers, and that's about all it's good for. The U.S. Government is inept in 80% of what it does.
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