They called me and asked me why I had so many transactions, I said because there is a contest by another bank and I transferred between my own accounts (different banks) to generate entries.
They were not satisfied so they closed my account and returned the money to me. (All transactions are FPX/instant transfer, does not involve physical cash)
Now I am worried that they will put my name in a central blacklist or something, causing all banks to close my account
Anyone experienced this before ? Should at least give me a chance to explain , I have all the documents to prove that everything is legit
I know every bank has the sole and absolute discretion to decide if they want to close your account, I am just worried if my name will be in a central blacklist

This post has been edited by ayambijan: Dec 11 2018, 07:55 PM

I understand now. But is there a central blacklist ? I am so scared man... Nowadays if you don't have a bank account, you cannot function at all.

Not possible. All transactions are to and from my own accounts , but in different banks.
Not a single cent to anyone else

That's for cash

Yes, international bank. Are they more strict than local banks ? Is there a central blacklist ?

Yes it was
I didn't have the have to.
First I received a call, explained to her, she seemed to accept it
But then a month later bam receive the letter
Should have called me up asking for the evidence, I would be very willing to cooperate

I checked the statement, in the most busy month, 250 transactions out, 150 transactions in
That is over a month so personally I don't think that's a lot .
And that's a very busy month compared to others

This.

Current account not as popular here, because here our savings account behave like their current account
typically no limit on the number of withdrawals, and the interest is so low I consider it negligible (usually 0.2 to 0.3% pa)

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