Americans Are Battling Banks After Accounts Are Frozen, Access to Hard-Earned Cash Is Denied: Report


Americans are increasingly turning to local news outlets after their hard-earned cash is frozen and denied. According to a new report from CBS News, a rash of banking customers are reaching out and detailing months and sometimes years-long battles to gain access to their own money. 


Once the major news outlet gets involved and begins to report on a particular claim, the dispute is often instantly resolved. The report details the trials and tribulations of Charlotte Warren, Peter Spyropolous and Gene Krichevsy, who were all locked in battles with their banks after becoming unable to access their accounts. “The trio of bank customers got caught up in maddening bureaucracy, each in a separate case.” The report, which doesn’t detail which US banks are involved, says Warren’s bank refused to accept a government-issued check, and an algorithm then flagged and froze her account. The bank’s customer service department “couldn’t or wouldn’t” fix the problem. Spyropolous and Krichevsy have their own horror stories, and between all three victims, nearly $90,000 was at stake. After CBS began asking questions, the banks promptly allowed all three customers to regain access to their accounts. Consumer advocate Christopher Elliott recommends people handle disputes with their bank by communicating via email without making threats or using profanity. 


Once it’s apparent that the bank’s customer service department can’t or won’t help, Elliot says the email thread can then be forwarded to supervisors or used to support a claim. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Americans Are Battling Banks After Accounts Are Frozen, Access to Hard-Earned Cash Is Denied: Report appeared first on The Daily Hodl. 


Source : [Americans Are Battling Banks After Accounts Are Frozen, Access to Hard-Earned Cash Is Denied: Report]( by Daily Hodl Staff - The Daily Hodl by Daily Hodl Staff / August 05, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.