Good Lifestyle

The questions of money are always stressful, but we trust our banks to relieve part of the pressure by storing our funds safely. Lately, however, customers have reported that their accounts were closed Unexpectedly. Although many of these people are not always sure why they suddenly lost access, you can take certain measures to protect your bank account and avoid being in the same situation.

Complaints were linked to several of the country's largest financial institutions, including JPMorgan Chase, CITI, Bank of America and U.S. Bank, with stunned customers on the way banks could follow this action plan. Believe it or not, according to the US office of the currency controller (OCS), national banks and federal savings associations can legally close your account " for any reason whatsoever and without notice. ""

These sudden closures are sometimes linked to an inactivity or low use of the account, says the agency, but The New York Times have indicated that banks can also close your account if they FLAG Suspicious activity .

Financial institutions are supervised by regulators, using security software to detect potential threats and protect customers from fraud. But because the technology is so "sensitive", according to the Nyt , the innocent people are sometimes punished for no reason. To find out how to prevent this, the newspaper spoke to several "banking initiates" who asked to remain anonymous due to the fear of offending their institutions, but who are also tired of hearing about innocent affected by closed accounts . Read the rest for their advice to ensure the security of your account.

In relation: Chase and Citi customers say their accounts are closed without warning .

If you have a traditional work from nine to five, your current account is more likely to follow a model: you get the same amount via a direct deposit sometimes a month, and you then use these funds to pay other things.

According to Nyt , this neat and ordered cycle puts the bank's employees at ease if they eventually examine your account transactions. So if your life does not follow this type of schedule, it's a good idea to create your own model.

The point of sale notes that the amount you deposit is particularly important when you open your account. Although it is typical to start with a large lump sum, you may have problems if you do and be reported for another reason, such as having an arrest record or being used by a cannabis company. THE Nyt reported that more than 1,000 readers who had their accounts suddenly closed for these reasons shared their stories.

In relation: Chase and U.S. Bank customers say their accounts are closed without warning .

Before going to make a deposit, think about the type of deposits you make - and if they could potentially look ascending.

THE Nyt emphasizes that money can be a problem. A server in a restaurant only in cash, for example, could make several cash deposits in an automatic counter after a quarter of work, but a bank could consider this as a sign of something illegal, as a potential drug trafficking .

The displacement of large amounts of money can also send red flags, which you place it or remove it.

In one case, a tiktker alleged that his account had been reported because of his cash deposits, as well as his profession. In a video of January 17, @ fantasia.shakes said that she received a letter From Chase telling him that his account had been closed and was later informed that it was due to an "back office exam". When she asked the employee of Chase Branch if it was because she is a sex worker who deposits money, she was told: "This is probably the reason".

The Tiktker said that she was able to recover her money, but that she was worried about what was happening in another bank. In a statement previously provided to Better life , a JPMorgan Chase spokesperson said that the bank had examined the video of @ fantasia.shakes, but could not verify its claims.

In relation: Bank of America and Chase close even more branches - here is where .

Another way to avoid an steep account closure is to keep your bank informed of your life and any major change. Experts said to Nyt Whether you should call your bank to let them know that you will make big cash deposits from the sale of your home or car, or if you move or see a major change in the way you earn money .

Experts also recommend answering if and when your bank tries to reach you, simply make sure that the call or email is legitimate. (You can do so by recalling the number indicated on your credit or debit card, or by logging into your bank account and sending a secure message.)

You must also let them know if you have been the victim of fraud, or if one of your private accounts were compromised.

During the summer, Elad Nehora , a client from Bank of America, published on X to share that his account was closed without warning or explanation. Finally, Bofa allowed him to transfer his money after being seated in a local banking branch and won the interests of CBS News. Nehorai posted on X to say that the bank's climbing team told him that they would do it Never give him a reason for closing the account.

However, Bank of America later told CBS News that the Federal Bureau of Investigation (FBI) reported the account After Nehora said he had been the victim of a scam by email a week before the closing of his account. The point of sale did not mention whether Nehora also reported this fraud with Bank of America.

If you find yourself in this situation, try to call your bank as a first line of driving, according to the Nyt - But be notified, you might have very few explanations and you said that your money will not be returned for a few weeks. You can also follow in the traces of Nehorai and hold answers to a local branch. AE0FCC31AE342FD3A1346EBB1F342FCB

In general, be persistent. US bank customer @ Kaosleader001 detailed its experience with a sudden closure of account and several days of back and forth with the branch. His situation was particularly bizarre: first, he was told that his account was closed because someone called the Bank to report his death, and later that someone landed like him to close the account.

Thanks to his determination, he was able to ask the American bank to open a new account and reimburse his money. However, there were several bumps along the road, including a grip on his account during the investigation.

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Best Life offers the most up -to -date financial information for high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.