Credit institutions have complex security protocols that take into account many parameters. If the operation looks questionable, it suspends it until all the circumstances are clarified. In such a situation, access to the mobile application and Internet bank is temporarily blocked. The only way to get money urgently is to come to the bank office.
There are many reasons for blocking an account at the bank's initiative. Among them:
Complex and confusing transactions. For example, funds are transferred to several different accounts and then withdrawn.
Transfer from a legal entity to an individual not within the framework of a salary project.
Transactions that are devoid of economic sense. This complex cambodia mobile database formulation is a common answer to the question of why legal entities' accounts are blocked. For example, a business manager may be approached by an acquaintance or partner with a request to conduct transactions through his accounts, possibly for a monetary reward. If the transaction is not typical for the business or does not lead to deliveries, it will be stopped. To unblock it, documents will be required that explain the economic sense of the transfer.
Withdrawal of large amounts of cash, which is unusual for the client. Because of this, accounts of individuals and legal entities may be blocked. In this way, the bank tries to protect the owner from losing funds if the card falls into the hands of criminals.
Large transactions that an individual is trying to carry out. This is also a way to protect against fraud.
Receipt of large sums from anonymous wallets or significant transfers to anonymous wallets.
Translation from or to a person who is wanted.
In what case is the bank obliged to block accounts
There are recommendations from the Central Bank, as well as Federal Law No. 115-FZ "On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism." Each credit institution is obliged to block transfers if there is a suspicion of money laundering and other types of criminal activity.
In addition, banks have the already mentioned obligations to block accounts at the request of the Federal Tax Service, the court and the Federal Bailiff Service.
How long does the blocking on the bank's initiative last?
The timeframe is determined by the reason for the restrictions. As a rule, individuals only need to confirm their identity so that the security service can rule out fraud. This takes an average of 30 minutes.
It is more difficult for legal entities. Usually, the credit institution requests supporting documents that need to be prepared and submitted for verification.
What to do to unblock the account
The course of action depends on why the account is blocked:
If the transfer is stopped due to suspicion of fraud, it is enough to answer the call of the security service employee. If the conversation is not enough, a visit to the bank office will be required.
If the bank requires the submission of documents that confirm the legality or economic significance of the transaction, this must be done within 10 working days.