Quote from: Bakemat on June 26, 2017, 06:02:07 AM

Quote from: DainSLane on June 26, 2017, 02:23:27 AM

Quote from: g2com on November 30, 2016, 02:50:28 AM

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

Maybe you do something that is against their rules there is no way that bank will close your account with no reason. they should send you a notice if their closing your account. you should ask the bank managers first then have them explain the reason. and don't say that we should not trust banks because they don't steal your property they only do that if you don't pay for the loans that you make.

Correct. I agree with this, even if the problem is caused by a glitch and not of a person or the bank foreclosing it. You would still have the right to protest and dispute this. Banks can't have the authority to just close an account and shut off a customer. They should have notices and explanations especially warnings to the party involved. You are a customer and we should have the right to always ask for questions.

Yap and it is also difficult to have that because in a perspective you are just a small person that is worth risking. Somtimes they would prefer businessmen who invested in there banks rather that just some lowly investor that in there mind its just waste of oppurutnity and they would rather make time for big time dealers. I am not saying all banks but will the issues about banks, it is rare that a lowly member of that bank was helped is some honest ways.