11-07-2021, 07:12 AM
Update: Bank illegaly freezes all my Money because I traded Crypto
<!-- SC_OFF --><div class="md"><p>(Original story from <a href="/u/kundeistkonig">u/kundeistkonig</a> on <a href="/r/finanzen">r/finanzen</a> (German finance subreddit), translated/edited into English by me)</p> <p>TLDR of what happened before:</p> <p>Bank froze all money on the bank account because I traded crypto and moved money, reported me to law enforcement which also could not see anything done wrong. Bank was required by law to unfreeze the money, but refused to.</p> <p>Last week my bank called me around 9AM and told me that the account could be unfrozen. They then started apologizing for the inconvenience, but I didn't listen to that anymore.</p> <p>I directly transferred the entire balance to my other account, cancelled the bank account myself online with immediate effect, so that I would not be considered a customer there for another day. They blocked all my money for one and a half weeks, no excuse for that.</p> <p>I am amazed how my trust in banks has gone to zero in a matter of not even two weeks. Especially when it comes to just having larger amounts of money lying there.</p> <p>I will now probably leave the bulk of my uninvested assets in the Crypto/DeFi space and collect interest. At least there's still something to earn there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qo2b2x/update_bank_illegaly_freezes_all_my_money_because/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qo2b2x/update_bank_illegaly_freezes_all_my_money_because/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>(Original story from <a href="/u/kundeistkonig">u/kundeistkonig</a> on <a href="/r/finanzen">r/finanzen</a> (German finance subreddit), translated/edited into English by me)</p> <p>TLDR of what happened before:</p> <p>Bank froze all money on the bank account because I traded crypto and moved money, reported me to law enforcement which also could not see anything done wrong. Bank was required by law to unfreeze the money, but refused to.</p> <p>Last week my bank called me around 9AM and told me that the account could be unfrozen. They then started apologizing for the inconvenience, but I didn't listen to that anymore.</p> <p>I directly transferred the entire balance to my other account, cancelled the bank account myself online with immediate effect, so that I would not be considered a customer there for another day. They blocked all my money for one and a half weeks, no excuse for that.</p> <p>I am amazed how my trust in banks has gone to zero in a matter of not even two weeks. Especially when it comes to just having larger amounts of money lying there.</p> <p>I will now probably leave the bulk of my uninvested assets in the Crypto/DeFi space and collect interest. At least there's still something to earn there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qo2b2x/update_bank_illegaly_freezes_all_my_money_because/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qo2b2x/update_bank_illegaly_freezes_all_my_money_because/">[comments]</a></span>Kind Regards R