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Can an Account be Frozen Arbitrarily?

Can a person's savings account be frozen because of someone else's debt, when that person is way above legal age and doesn't live at same address?

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Without knowing all the facts, we simply cannot give you a definite answer. For example, are there loan co-signatures or joint accounts involved in some way, or perhaps a loan guarantee? Is it possible that the account was pledged as collateral for an obligation? Contact the bank holding the account and ask for an explanation.

Published on BankingQuestions.com 8/25/10