Tag: Bank Shutdown
Did your card get declined at the coffee shop? Surprise right? You contacted your bank and were surprised to learn that your bank account is currently being investigated. So, you might be wondering what triggered this investigation. Well, in this article, we’re going to share the specific factors that can lead to an investigation and […]
Have you ever tried to make a withdrawal or transaction and suddenly found that you had a blocked account? This can be very stressful if you have an urgent transaction to make and you have no idea why your account was blocked. Unfortunately, blocked accounts are actually a very common occurrence. The good news is […]
Frozen bank accounts can cause serious issues for account holders, delay important payments, and even cause credit issues for years to come. And, while most people have backup bank accounts to avoid these problems, a frozen bank account can still wreak havoc on personal and business banking. Fortunately, it’s possible to avoid having your accounts […]
Have you had an account closed recently? Or, are you concerned that an account is about to be closed? Well, regardless of your current account status, understanding the reasons for account closure can prevent it from happening again. And, by being prepared, you can even ensure you never lose access to your money… even if […]
Your bank’s financial health matters…a lot. And that’s why you need to know what to look out for before a bank fails. If you keep money at a troubled bank you should be worried. If that bank fails, you (and your deposit) are caught in a mess. And getting out of it is a nerve-racking […]
Banks are freezing accounts without warning at the fastest rates in history. And, it’s only going to get worse. Every year, millions of innocent people have their bank accounts frozen without warning as banks frantically try to keep up with new banking laws and increasingly strict KYC/AML regulations. If you haven’t experienced an account freeze […]
Last week, we asked GlobalBanks subscribers if they had any questions about banking during the COVID-19 outbreak. As it turns out, the current crisis and the resulting economic impact have people worried about banking. Very worried. As you’ll see below, COVID 19 banking concerns range from specific banks to financial systems, and currencies to bank […]
Lots of people are wondering how they can keep money safe during the COVID-19 crisis. And it makes sense. Governments and banks around the world are facing massive uncertainty right now. Fear and panic are everywhere thanks to COVID-19 and what this could mean for countries, economies, and people. Needless to say, these are unprecedented […]
There are a lot of people who are currently questioning whether their money is safe at a bank during a recession. It’s a very real concern and one that needs to be discussed. Whether your money is safe with a bank during a recession comes down to a few key factors. We’re going to share […]
Bank failures happen all the time. And more often than not, it happens in “developed” markets like the U.S. where there is an abundance of banks, easy access to credit, and loose regulations across an oversaturated banking market. According to the FDIC’s own statistics, 531 bank failures have happened since 2008, including three in 2019 […]