ST Alpha - "I mean, you don't have to be a citizen to have a bank account. -- nm*" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 158

In response to "Bank of America freezing accounts of customers suspected of not being US citizens -- (link)" by Remlik

I mean, you don't have to be a citizen to have a bank account. -- nm*

Posted by Reagen Sep 15 '19, 11:53

(No message)

Responses:

For money laundering and tax reporting reasons, knowing a holder’s citizenship may be required -- nm - JackDawson Sep 15, 12:36 10
- Sure. But "you're not a citizen so we're freezing your account"? Nonsensical. -- nm - Reagen Sep 15, 12:40 9
  - Just read it- doesn’t sound like they’re doing anything other than freezing accounts they believe (sometimes in error) they don’t have correct paperwo - JackDawson Sep 15, 12:43 6
    - Because of the anti-immigrant stance of the Trump admin. Anything that could be anti-immigrant will get extra scrutiny -- nm - TWuG Sep 15, 12:54 5
      - I mean the patriot act the fatca and other laws impose on banks obligations to know the citizenship or immigration status of holders - JackDawson Sep 15, 13:05 1
        
        The incompetence is news and should be reported. - TWuG Sep 15, 16:34
      - It’s pretty silly. -- nm - JackDawson Sep 15, 13:02 2
        
        No so much to the people who were targeted in error. Add that to the times they're targeted in earnest and it's an additional burden where none should - TWuG Sep 15, 13:04 1
        
        It’s pretty silly -- nm - JackDawson Sep 15, 13:05
  - If it’s true it sounds illegal -- nm - JackDawson Sep 15, 12:40 1
    - BoA would never! -- nm - Reagen Sep 15, 12:43
Bank of America(ns) -- nm - Spawn Sep 15, 12:01

Post a message top

Replies are disabled on threads older than 7 days.