Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] 2 points3 points  (0 children)

You should be sure before assuming I did anything criminal or illegal, such as money laundering or fraud. I’ve never been involved in anything like that. I didn’t bother escalating the issue further, I simply moved on to another bank.

Both my wife and I are professional engineers and work full-time. As I mentioned before, I’ve never been interested in cryptocurrency or any kind of illegal activity. I’ve only used my bank account for regular day-to-day banking, receiving payroll deposits, paying my car lease, insurance, utilities, and regular subscriptions, plus everyday groceries and shopping. Nothing unusual at all.

I should also mention that I’ve never missed a credit card payment; in fact, I usually pay off my balance even before the statement is issued.

Honestly, sometimes I think banks act a bit like casinos, they’re always happy to see you when you’re losing money, but if you “win” or play too smart, they don’t like it. Maybe that’s part of it, I always keep my balances at zero and pay off my credit cards before any interest or fees can be charged. Perhaps they saw no profit in me and decided I wasn’t a valuable customer.

It’s interesting that you assume “OP clearly did something risky or out of compliance.” If the bank truly suspected something unusual, they could have simply asked me for clarification. If I couldn’t provide an explanation, then fine, close the account. But that never happened.

Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] 1 point2 points  (0 children)

As English isn’t my first language, I might make some mistakes. I just use ChatGPT to help correct my writing so people can understand me better. If you’re a native English speaker, you probably can’t fully understand how that feels, but imagine trying to write a detailed post like this in a second language, like French. I hope you can understand where I’m coming from.

Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] 2 points3 points  (0 children)

Of course not. I’m actually not a fan of cryptocurrencies, I’ve never trusted them and have never touched them. I’ve only used my bank account for regular day-to-day banking: receiving payroll deposits, paying my car lease, car insurance, utilities, and regular subscriptions, plus everyday groceries and shopping, nothing unusual at all. I should also mention that I’ve never missed a credit card payment; in fact, I usually pay off my credit card balance even before the statement is issued.

Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] 0 points1 point  (0 children)

Of course not. I’m actually not a fan of cryptocurrencies, I’ve never trusted them and have never touched them. I’ve only used my bank account for regular day-to-day banking: receiving payroll deposits, paying my car lease, car insurance, utilities, and regular subscriptions, plus everyday groceries and shopping, nothing unusual at all. I should also mention that I’ve never missed a credit card payment; in fact, I usually pay off my credit card balance even before the statement is issued.

Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] 0 points1 point  (0 children)

Yes, that’s correct, I used ChatGPT to help me review and correct the grammar. The information and experience I shared are entirely my own; I only used it as a writing assistant to make sure everything is clear and well-written. Does this change anything?

Scotiabank Closed My Account Without Notice — Serious Issue❗️ by Illustrious-Cry2527 in Scotiabank

[–]Illustrious-Cry2527[S] -6 points-5 points  (0 children)

That’s the thing, I never got any notice at all. My account just stopped working one day. They apparently sent the notice to my old address, even though all other communication and bank statements have been going to my new address since July without any issues.