Posted on 06/15/2021 12:20:17 PM PDT by RandFan
Wait. The bank can just confiscate her money?
WTH?
Things like this make me burn.
This is Facism, industry acting in concert with government to punish political opposition.
I just cannot say what I think should happen to those responsible.
Does she get her money back?
They can close an account but I think they have to give you your money. She’s probably got it waiting for her at the bank in the form of a cashier’s check. Once she gets it, she needs to find a nice little small town bank to put it in.
Refusing to take the account in the first place might, just maybe be defensible as the voluntary actions of a non-governmental business. But, the counterargument would be that a bank is a public financial utility, and therefore a public accomodation that must not discriminate against its customers. You know, like a baker.
But, worse than refusing to take the account is cutting it off without warning for obscure (i.e., political) or potential illegal activities. Stranding someone without warning is unconscionable, and should be against public policy.
No, probably slow boated a paper check to get to her in 30 days just to be scumbags.
Nope
Wow if a bank can do this arbitrarily we need to put a stop to it.
There has to be more info.
They can’t just shut her down and not give her her money
I don’t get why anyone would use one of those big banks for a personal account. Local credit union is sooooo much more reliable and safe.
“Wait. The bank can just confiscate her money?”
There is more to the story. Almost certain.
Occam’s razor says it’s divorce, over charged card, some late revolving account...or some government agency at some level, from IRS, DOJ all the way down to the local county tax collector.
But I’m sure she’d like to create a lot mystery around her being a semi prominent Christian Conservative to enhance her gofundme.
Every Financial Institution in America is on very Shaky Financial Ground, if only 10% of Wells Fargo depositors began Closing thier Accounts and Withdrawl thier funds in CASH, within 24 hours the Bank will be declared INSOLVENT by the Regulators and they will be CLOSED.
See Fiat Currency and Fractional Reserve Banking, then look up Continental and IndyMac
That was my thought too. Just a slooow paper check.
Sent to the wrong address. Intentionally.
Wells Fargo was one of the banks who most heavily invested in Black Lives Matter.
That depends. Mao didn't return any during the Cultural revolution.
I’ve been stuck on the road THREE TIMES when the bank froze my account.
Twice, it was caused by the merchant running the charge through twice in error: “Oh, you get those funds when the transaction clears.” It’s Saturday night. The transaction will clear Tuesday. I’m 100 miles away from home with 2 gallons of gas in my tank.
Most recently I was travelling and 3000 miles away from home, when my credit card was frozen - because of suspicious activity - namely me renting a motel 3000 miles away from home. They made me do a kabuki dance to prove my identity, and because (1) the information I gave them didn’t match EXACTLY with their records, and (2) they wouldn’t tell me what information they did have in their records, they wouldn’t release my card.
Next time I am going to have 2 cards, and from different banks.
Anyway, banks suck. They just do.
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