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Diversifying in many cases won't help you. If a bank suspects fraud, they can tell other banks about their suspicion, which will cause all banks to freeze your
by londons_explore 2y ago
Diversifying in many cases won't help you.
If a bank suspects fraud, they can tell other banks about their suspicion, which will cause all banks to freeze your accounts and none will be able to tell you why.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- leotravis10 2y agoEspecially if/when a person or business goes into the ChexSystems "blacklist" [1] where that individual or business can't have a bank account in the US, Canada, and EU for five to seven years. [1] https://www.nerdwallet.com/article/banking/blocked-by-chexsystems-what-to-know https://www.nerdwallet.com/article/banking/blocked-by-chexsy...
- meowster 2y agoI wonder if anyone has successfully sued a credit-reporting business for libel.
- ravenstine 2y agoWould this also apply to credit unions? I feel like a credit union is less likely to give a f*** about what some bank tells them, and a bank probably doesn't want to help credit unions anyway. Am I wrong?
- londons_explore 2y agoI think most are scared about the law. "You had information that X was linked to a terrorist organisation, and yet you still let them open an account and transfer $Ym?. Big fine and/or prison".