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EQ bank : Account closure without notice or reasons
September 19, 2024
9:23 pm
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picassocat
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September 19, 2024
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HermanH
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Norman1
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Meridian CU has done it. TD Bank has done it.
Another reported that a bank did it to him. He now suspects it was because of his numerous in-and-out transfers.
According to November 2022 OBSI case Consumer surprised when bank gives him 30 days to close his account, banks have the right to do so anyways:
Canadian law and banking regulations allow banks to end their business relationships with their consumers and do not require banks to provide a reason or notice when doing so. …
OBSI further explains such situations in Relationship ended.
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