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What is meant by freezing a bank?

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Anonymous

14y ago
Updated: 8/18/2019

Actually one can only freeze a bank account and not freeze a bank itself.

The bank can freeze any account that is held by a customer with the bank. But, this does not happen at the banks wish. Usually a legal order by law enforcement agencies (police or cops) is required to do so. Usually cops and federal authorities freeze bank accounts of terrorists and known malicious elements of the society.

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Wiki User

14y ago

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