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Account Freeze?

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Anyone have a recent account freeze because of fraud or involuntary account closure?

I still get emails from individuals who experience fraud or an account closure, which prevents them from accessing funds.


I have been posting this since - probably - 2007, and I still get contacted about it.

By now, I sound like a broken record, but here it is:


1)  Don't keep all your funds in one financial institution.

2)  Have a primary household account (Just for monthly/quarterly bills).

3)  Keep a separate account or debit card for point-of-sale and internet purchases.

4)  Split your direct deposit (if possible) between different accounts.

5)  Maintain a savings or checking (for emergencies only).


Recent email was from a business colleague who had her credit union account frozen on a Friday, because someone attempted a large debit card purchase.

Because of the recent banking holiday, she wasn't able to access funds until she went to the CU on Tuesday.

My suggestion was the list above.



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