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Bank account frozen? Can they really do this?

Discussion in 'BlackHat Lounge' started by GoForJacob, Jul 19, 2013.

  1. GoForJacob

    GoForJacob Junior Member

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    So I got a call from my bank and Visa fraud protection today telling me that someone's been using my card. To "protect" me my bank froze my account. When I thanked them and asked if I could withdraw some cash from my account they told me "No." How can they refuse me my money? It's not for my protection if I can't carry on my life while they're fixing this problem.

    Any of you with the same experience: How long did it take for your problem to get figured out?
     
  2. nicofan

    nicofan Junior Member

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    What country are you from? Where I live nobody can take money out of my bank account. Somebody can get unauthorized access to my bank account if they have my ebanking login or they steal my credit card. I see no need to "freeze" the bank account. All that would be necessary for the bank is to disable your online banking and your credit card (send you new login and new credit card).

    If your bank has a local branch near you, you can try if they can let you withdraw money if you show up in person (you show identification and they give you YOUR money). Since it's yours I see no reason why they should keep it from you.

    Edit: oh and I also advise you to immediately take a look at the bank/CC statements from the last months and check for any unauthorized payments.
     
  3. GoForJacob

    GoForJacob Junior Member

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    I live in Oklahoma, US. I just got done looking through my statement actually, and have found a couple transactions that weren't from me. I asked my dad if they can do that, and he said it's happened to him before. Which makes me think my bank just has a security problem.
     
  4. nicofan

    nicofan Junior Member

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    If you have not already done it you should report these unauthorized transactions immediately. Maybe it helps if you go to your local bank and sort it out with a manager right there.

    For the future it might be wise to have two or three accounts with different banks so you'll be able to survive (pay living expenses) if they lock one of your accounts.

    you should also ask yourself where the thieves could have gotten your credit card or bank details from. banking trojans are very popular at the moment. Do yourself a favor and scan your PC with malwarebytes antimalware and superantispyware. Both excellent freeware programs.
     
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  5. ShadeDream

    ShadeDream Elite Member

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    Lol banks and their BS. It's been a while now but I had an incident where I wanted to make a transfer with Lloyds TSB. To my surprise, I was unable to do so because my number was missing? So what do I do? I follow their instructions and add my number even though I was puzzled because all was fine the last time I made a transfer. After adding the number the idiots locked me out of making any transfers for 7 the next days, was told on the phone that nothing could be done about it. :mad:
     
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  6. GoForJacob

    GoForJacob Junior Member

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    Luckily, I have a PayPal account with a PayPal debit card. Then again, I don't really trust them. Thank god for Discover and Amex.

    As I'm only 21, I don't have much experience with banking bullshit, but from what I understand it's up to them what they do and how they do it... No matter how bad it sucks for the customer.

    That's totally crazy. They locked you out of your own account even though you were the one who was trying to access it?

    I wish there was a global, internet-based bank backed by the FDIC that followed the same ethos and culture that companies like Stripe does.
     
  7. Exaalion

    Exaalion Regular Member

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    You need to physically visit a branch with a photo ID. You will be able to take money out :)
     
  8. GoGetRanked

    GoGetRanked Power Member Premium Member

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    OP .. this is really strange for a bank to deny you access to your own funds ..unless the gov is involved somehow and its a BIG scam/something else going on ..
    Visit the branch , talk to the BM and see .

    regards
    ToG
     
  9. RetroT

    RetroT Junior Member

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    Well one way or the other I think the bank is trying to protect your ID till further clarifications. I think there is no harm in putting the account on hold for sometime.
     
  10. kvmcable

    kvmcable Supreme Member

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    Banks are criminals. Never trust your money with criminals. Keep in there just what you need to pay bills conveniently. The rest you keep in cash.

    I had a similar instance many years ago. A Bank put a hold on about $27K because I accepted two checks from scammers (of course I didn't know this at the time). I told them hey look, I covered the checks so I'm the one at a loss here. I called them daily until they released the hold (supposedly for my safety until they were sure no more checks from these scammers where coming through). As soon as they released the money, I went and took it out in cash, drove across town and opened a new account at a new Bank. Deposited my $27K in that Bank and got a call the next morning that the NEW BANK put a hold on my money because they got a notice from my previous Bank. I didn't have any checks from this new Bank so there was nothing that could come through to them. I called the old Bank and said if anything comes through I'm sure I'll have to pay it but I know what I deposited and know nothing else is coming through.

    Two days later I got a Certified letter in the mail ordering me to meet with the old Bank, two FBI agents and the regional director of the FDIC. That is when I met my US Attorney I mentioned in another thread that put all these fukers in their place. If he hadn't been a good customer of mine I would have been screwed. Somehow the old Bank came to the conclusion that I was kiting checks and in business with these jokers that passed two bad checks to me. Like I said my Attorney put all their asses in their place saying they better come up with more than assumptions real fast before he files a suit naming all of them for damages they've caused me and my business. After that meeting the new Bank called the following day saying they'd close my account and I could come and collect my $27K.

    That's just one of my run-ins with bad Banks. I had another with a Merchant account that just conveniently quit making the merchant deposits into my Bank account. In a month they gathered up $120K in merchant deposits and it wasn't until I had checks bouncing did I find out they quit putting our merchant deposits in the Bank. Nobody called, no mail sent and this was before the days of online Banking so we had no idea they were collecting our Merchant deposits and not transferring any money to our Bank. I ended up getting the Comptroller of the Currency on the Bank's ass and once the COC was involved they released my money in one day. I argued and pleaded with them for more than a month before that, but nobody gave a damn. The COC set them straight. If you have an issue with a Bank the COC is your best friend.

    So keep in the Bank what you need to make bill paying easy. Keep the rest in a safe place. Then if the Bank gets a hair up their ass you're not left penniless and begging on the streets. It took me about a half a dozen ass kickings to learn this lesson the hard way. If all the Banks closed tomorrow I got enough to live on for a while. Never keep all your money in a Bank - always have at least a week of necessary money in your wallet.
     
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  11. steelballs

    steelballs BANNED BANNED

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    I concur most of the comments above

    Outside my bank now, is this graffiti...

    Banco Bastardos....

    Enough said - the bank take down the graffiti - the next day the Banco Bastardos.... is back...
     
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  12. tompots

    tompots Elite Member Premium Member

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    Yes they can do that here is the U.S, it's a security measure to protect you, your money and your identity from theft, with that said I don't think it's right at all, but what are you going to do! It would only have happen if someone is trying to commit fraud, so it is probably a good thing. They can't hold it forever.
     
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  13. GoForJacob

    GoForJacob Junior Member

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    I visited the branch, and sure enough like TomPots said, they ensured me that my money would be safe and that they couldn't give me any cash from my accounts due to security measures. Although this makes zero logical sense, I have to live with it.

    I don't understand why they can't give me cash and adjust the account, but I still have my credit cards (who's statements look fine).

    Oh well. Thanks for all of your input!