Protecting Your Accounts: Ensuring Your Bank Doesn't Close or Cancel Them
Banks are increasingly closing down innocent customers' checking and credit card accounts as a result of false alarms triggered by their security software, which aims to detect criminal activity. To avoid falling victim to account closures, individuals should maintain a pattern of transactions, especially when dealing with large payments or transfers to external accounts. Avoiding check fraud, generating suspicious transactions, and being proactive in communicating with the bank can also help prevent account closures. If an account closure does occur, individuals should be prepared to follow the necessary steps to retrieve their funds.
