Service interruption due to contract termination. If the bank terminates the contract with the client unilaterally, it blocks the account. However, it remains possible to withdraw cash through another financial institution.
A complete ban on using the account. All types of operations are stopped: it is impossible to withdraw cash, receive and send a transfer, pay for services in a mobile application. Such a restriction can be introduced by a court decision or as part of enforcement proceedings.
The bank always imposes restrictions, but it is not always the initiator. We will tell you who has the authority to block.
Bank
In case of suspicious actions, the financial institution blocks the transaction on its own initiative. If fraudulent actions continue, it can completely block the account and terminate the service under the agreement.
Federal Tax Service
The Federal Tax Service blocks the accounts of legal entities cambodia mobile database in some cases, for example, if the declaration is late or personal income tax calculations are not submitted.
Banks are informed about the suspension of operations on accounts in electronic form. This means that the measure comes into force almost immediately after it is issued.
Federal Bailiff Service
Restrictions may be imposed as part of enforcement proceedings. This is one of the most common ways to collect debt from a defaulter - for example, to force him to pay fines or settle with creditors.
If the FSSP acts on the decision of an arbitration, civil or administrative court, only the amount necessary to pay off the debt is blocked. If the money stored in the account is insufficient, the required amount is written off in parts.
The write-off is carried out automatically: the system checks the account status once in a certain period of time. That is, theoretically, the owner can withdraw or transfer money immediately after receipt. But in this case, his debt obligations will not be repaid and the blocking will continue.
Court
The court may order a restriction on all transactions on the account. This usually requires proof that the account was used for criminal activity.
How does the client know about the blocking?
There are no strict rules that describe the procedure for informing the client. But the bank must notify him of the restrictions imposed. It can do this in one of four ways:
SMS to the number linked to the bank account;
information in mobile banking;
email letter;
phone call to the client.