4 ms·
Not quite the same thing. From the article you link to : You’ve been a loyal customer for years, but then a letter arrives saying your bank has decided it will
by CaptainZapp 7y ago
Not quite the same thing. From the article you link to :
You’ve been a loyal customer for years, but then a letter arrives saying your bank has decided it will shut your accounts, and you will have to take your business elsewhere. No reason is given and the decision is final.
So, yeah; a bank can get rid of you for any and no reason at all. But they can't just keep your money and stop talking to you.
That's nothing really new. Ask any American citizen trying to open an account abroad. They may be having an unusual hard time thanks to FATCA.[1]
[1] https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance...