EQ bank : Account closure without notice or reasons | EQ Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
EQ bank : Account closure without notice or reasons
September 19, 2024
9:23 pm
picassocat
Québec
Member
Members
Forum Posts: 274
Member Since:
December 29, 2018
sp_UserOfflineSmall Offline
Go to Top
1sp_Permalink sp_Print

Policy change with EQ Bank:

«Clarify that we may, in our sole discretion, suspend or terminate your Account at any time without notice to you for any reason»

Why then would I give them my business.
Be forewarned.

September 19, 2024
9:34 pm
HermanH
Member
Members
Forum Posts: 1220
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline
Go to Top
2sp_EditHistory sp_Permalink sp_Print

Why single-out EQ for a loathsome industry-wide standard practice?

September 19, 2024
10:10 pm
Norman1
Member
Members
Forum Posts: 7022
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
3sp_EditHistory sp_Permalink sp_Print

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.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.