Banks may freeze bank accounts if they suspect illegal activity such as money laundering, terrorist financing, or writing bad checks. … The government can request an account freeze for any unpaid taxes or student loans. Check with your bank or an attorney on how to lift the freeze.

What happens if my bank account is blocked?

Very broadly, a blocked account refers to an account that does not allow for unlimited or indiscriminate withdrawal or other access but instead has certain restrictions or limitations on when, how much, and by who, capital can be withdrawn. … If an account becomes completely blocked, it is said to be "frozen".

How do I unfreeze my bank account?

The best way to unfreeze your bank account is to erase the judgment against you. This is called “vacating” the judgment. Once the judgment is vacated, your account will be released automatically. A creditor or debt collector has no right to freeze your account without a judgment.

Can I unblock my bank account online?

To restore access to your account, you can select the “Unlock My Account” button on online banking or go through the “Forgot Password?” process on either online banking or our mobile banking app. * When you select “Unlock My Account,” the system will route you to the same “Forgot Password?” process as described below.

How long does a blocked bank account last?

If your account is frozen because the bank is investigating your transactions, freezes typically last about 10 days for simpler situations or around 30 days for more complicated situations.

Can you transfer money to a blocked bank account?

Although money cannot be withdrawn from a blocked bank account, funds can still be deposited, either by the consumer or by direct deposit.

Can I withdraw money from blocked account?

A blocked account is a bank or other account created by court order, requiring a court order to deposit or withdraw funds. … A court must approve and order any withdrawal of funds from a blocked account.

Why is my bank account under investigation?

The reasons why a bank might investigate your account can vary. For consumers, it may be because they detected suspicious activity. For merchants, the most common reason is either to address suspicion of money laundering, or due to chargebacks.