Has your bank account ever been limited with funds inside?

F

Fidelia

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• Jun 4, 2024

• #1

For some people, they have been to a point where their bank accounts was limited, maybe for incomplete KYC and there is good money inside the account that they needed to use urgently.

How would you navigate through such financial condition?

 

nomad

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• Jun 4, 2024

• #2

THis has not happened with my personal account but with business bank accounts because I had not submitted tax report

 

eldavis

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• Jun 5, 2024

• #3

This has happened to me on several occasions before but I was able to sort it out.

 

K

King Belieal

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• Jun 5, 2024

• #4

Someone transferred some money to me and my account was limited. Took me three months to be able to unblock the account.

 

B

Bisolami

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• Jun 6, 2024

• #5

This has happened to me before and I was asked to upgrade my account which required me to bring some documents to the bank

 

IB D

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• Jun 6, 2024

• #6

It has happened to me before and I had to get my utility bill and national identity card to come and remove the limit. It took about 4 days to finish that process.

 

Sanjeev

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• Jun 7, 2024

• #7

My wife's account was experiencing the same. We went to unlock her account but because of lots of formalities it took lots of time.

 

IB D

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• Jun 7, 2024

• #8

Sanjeev said:

My wife's account was experiencing the same. We went to unlock her account but because of lots of formalities it took lots of time.

Click to expand...

That is why we should just arm ourselves with every requirement needed to open an account before going to open it. All these things happen because of incomplete documentation during account opening.

 

cherry123

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• Jun 8, 2024

• #9

THis has not happened with my personal or saving account offline but with my PayPal account online

 

HansonU99

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• Jun 12, 2024

• #10

It's happening to me so many times but it's just a simple process once you submitted your documents for comfirmation the constraints will be lifted and you can start access your account

 

Niyi Briggs

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• Jun 12, 2024

• #11

For me, my account is limited to $20 a day because I haven't linked my ATM card details to the banking app.

 

S

Stardom22

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• Jun 28, 2024

• #12

That's a normal thing for me. I have been oftenly experiencing that as l am a very broke in most of the times.

 

Shavkat

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• Jun 28, 2024

• #13

I have not experienced this yet. I hope it would not happen to me either.

 

K

King Belieal

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• Jun 28, 2024

• #14

Stardom22 said:

That's a normal thing for me. I have been oftenly experiencing that as l am a very broke in most of the times.

Click to expand...

How can you be broke and your account is also limited? I think that limits on account is placed on accounts that have excess money?

 

freelancermaria

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• Jun 28, 2024

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No, it has never happened to me. If this happens, call the bank right away.

 

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Sawe

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• Jul 3, 2024

• #16

My bank account has never been limited or frozen, I guess I have just been following the rules given. Though I have ever experienced my PayPal account being frozen when it had so much money it. I just accepted the fate and moved to using other payment processors.

 

Tracee1

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• Jul 3, 2024

• #17

Yeah recently I had a similar issue with my business account as my identification files were not complete, but it's all good now.

 

You

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• Jul 6, 2024

• #18

Fortunately, not yet. I've been careful with my finances and made sure to always have a cushion in my account.

 

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stan358

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• Jul 28, 2024

• #19

It is normal for banks to limit your bank account so that you could complete and fill out some form. They are done for your own best interest..

 

M

Min George

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• Jul 28, 2024

• #20

Most of us that casually opened accounts had to go through this in order to standardize our accounts. I have experienced this and just went ahead to do the KYC immediately.