Protecting Your Bank Accounts: What to Do When Your Bank Suddenly Closes Them

1 min read
Source: The New York Times
Protecting Your Bank Accounts: What to Do When Your Bank Suddenly Closes Them
Photo: The New York Times
TL;DR Summary

Banks are increasingly shutting down innocent customers' accounts without warning, causing chaos and financial distress. To avoid this, individuals should maintain a pattern of transactions that doesn't resemble criminal activity, such as regular income deposits and consistent spending. Avoiding check fraud, generating suspicious transactions involving cash, and being proactive in communicating major financial changes to the bank can also help. If an account closure does occur, individuals should stay calm, contact the bank, and consider seeking assistance from local media if necessary.

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