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    mruisz's Avatar
    mruisz Posts: 3, Reputation: 1
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    #1

    Jan 12, 2011, 01:51 PM
    Frozen Bank Account
    How long can a bank legally freeze an account for "suspicious activity" activity and what documentation of why the funds were frozen should be provided by the bank?

    Thank you.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #2

    Jan 12, 2011, 01:56 PM

    Depneds on exactly what the suspicious activity was... is it a couple checks written outside the normal habits of the customer... or are we talking DHS ordered freeze over possible money laundering issues?
    mruisz's Avatar
    mruisz Posts: 3, Reputation: 1
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    #3

    Jan 13, 2011, 06:03 AM
    We're talking the police in another city that froze our accounts to give them time to apprehend the person that stole a check from me a year ago. All of our accounts have been frozen for the last 5 days and we have seen no court order or documentation from either the bank or the detective working on the case.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #4

    Jan 13, 2011, 06:07 AM

    The bank didn't close that account and reopen one a new one under a different number? Or at least offer that option top you last year? That's a standard practice in cases of a theft like that at at least some banks. One you should consider.

    And flag the old account that was closed with a fraud alert.
    mruisz's Avatar
    mruisz Posts: 3, Reputation: 1
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    #5

    Jan 13, 2011, 07:58 AM
    No the bank did not nor did they offer it and we will definitely do that this time. Thank you very much for your help!
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #6

    Jan 13, 2011, 08:05 AM

    Hello m:

    If the cops froze YOUR account, they didn't do it because they're simply investigating... They're investigating YOU. Get a lawyer.

    excon
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