Bank Account freezing
Any bank freezing an account without the consent of the Account holder is inhuman. It should be considered a human rights violation.
If the account holders suffers any emergency and if his account is frozen, definietely there is chance of loosing a life.
Before freezing anybody's account they should take written permission from the account holder. They have to clearly assign the reasons thereof.
Sometimes banks behaving like blood suckers and they do not understand the difficulties of account holders. They also should understand that everything cannot be achieved by money alone.
All banks are having procedures which are determined to take maximum money from honest customers. All these procedures applicable if somebody is honest, otherwise banks will assign it as "non performing asset" and after sometime they will writeoff.
Even if some big companies and / or Governments fail, they write off the loan and sometimes interest etc.
I donot understand why they have to be so rigid, when it comes to honest customers.
there are also other reasons for blocking an account. for example, if an account is not active for a specific period, banking systems automatically freeze the account until the customer requests to reactivate it. this one way to protect the customer from suspicious transactions in cases like theft and other types of fraud.
Unfortunately the banks obey the regulations of the central bank. Any account holder who is not able to complete his residence formality within two months will risk this unfortunate freezing.
The employer should foresee it and should make alternative arrangement to pay salary. There are also some banks that freez the account as soon as the residence validity of the account holder is over and if they do not get the new valid residence page. It happened to me once with Doha bank.
I think it is a typical Swindlers Account :)
I think it is a typical Swindlers Account :)
If the bank inform you and ask your permission, than obviously there will be nothing to freez.
when you opened the account you agreed to their T&C
how about them lending out your money , pretending its theirs and charging soemone else interst on it? Or even better ( worse) how about them lending out money they don t have and charging interest on that?! ie based on the stat that only 1/8th of depositors will ask for their money bak at any one time, they can lend out 800 for every 100 they have on deposit! (fractional reserve banking) -
chadqa: most probably, otherwise it must be some1 close to him/her..
I also do not understand you of posting this one. Is your account blocked?