Western Banks are CANCELLING You
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
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Learn how to protect your bank accounts from unexpected closures in this video. Discover why banks shut down accounts, how to diversify your financial holdings, and actionable steps to ensure your financial security. Featuring real-life examples and expert advice, this guide will help you navigate the complexities of modern banking.
00:00 Start
00:43 Is Having a Bank Account Your Right?
4:05 Nigel Farage's Bank Account Closure Case
5:12 Is Diversification Solution?
8:00 Advantages of Using Regional Banks
9:23 Bank Security Software and False Alarms
11:47 How to Keep Your Bank Account Safe?
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Closing our accounts & not giving us our money = THEFT.
AKA GOVERNMENT!!!
The great empire is dying.
Is it theft if you gave your money to them voluntarily?
@@MrHarumakiSensei
Voluntarily given to hold it for us, NOT to confiscate from us.
@@aimmethod the confiscation already happened at the time of the deposit. It ceased to be YOUR money then. They then have a debt to you which they may or may not eventually pay back using what is legally THEIR money.
I don't like it any more than you do, but that's what the fine print says these days.
The Royal Bank of Canada closed my bank account a few years ago. Still not sure why and they didn't provide me a reason...because there wasn't one. I wasn't living in Canada at the time and I didn't want to go back to reopen it. Not sure what my balance was exactly and they wouldn't tell me. It wasn't much...just enough so I could use the account to put my inheritance. In the end I had a cheque sent to me in Egypt with my inheritance through HSBC. In the 1980's my family lost millions when the Continental Bank of Canada went out of business just before my father was about to move his money to the Royal Bank of Canada. After 10 years in court we never got our money back. Needless to say I don't leave more money than absolutely necessary in any bank one bank.
I don't recommend HSBC though but it got the job done. In Egypt I like the Barakah bank (a Bahrain bank) and secondly the Islamic Bank of Abu Dhabi.
When I first learned the difference between credit unions and banks, I immediately thought, "why does anyone use a bank when credit unions are an option, holy shit?" I have not had a bank account since 2017 and I couldn't be happier. My landlord doesn't care if my rent comes from an account at Chase or some local Credit Union they've never heard of, as long as it's on time.
Honestly, I've used credit unions my whole adult life. I've only ever banked at one bank. They just work better
I use credit unions only but do have two mainstream bank accounts of which I do not use much at all.
In socialist eu there are no credit unions like in states
That's the real problem. Not that they can close it, but that they don't need to tell you why.
Exactly
Stay well clear of Australian banks, froze my account and now only save in physical Gold and Silver. Australia is where money, freedom, families, intelligence, religious faith and Enterprenaurial Capitalism goes to die.
But according to the mouth-breathing bogans, Australia is the greatest nation on the planet.
Australia is definitely becoming a prison. I have also been stacking gold and silver just in case. No faith in any of our systems any more.
Australia, Canada, UK, NZ, Ireland, USA...all in a race to see gets full authoritarianism first.
@@dayamitrasaraswati6276keep purchases of precious metals small, large purchases are tracked I think over 1000 or so from memory which is nothing.
In the Aussie constitution they’re allowed to confiscate gold in a national emergency.
Buy in small amounts even tho it’s less cost effective.
Or start scrapping copper
It has nothing to do with bad people doing bad things, it’s them doing bad things…
I would never have my money in a large bank. At least for now, I use member owned credit unions.
Thanks for the heads up. It is a real issue. I’m not a US citizen, have bank accounts in 4 countries, yet have been “de-banked “ 4 times. It is a horrible feeling. I was always able to open other accounts in those countries, but it was a mad scramble to do it. I expect it will happen again as banks get more pressure from regulatory agencies.
Beware of any person or entity trying to earn your trust. Trust is only needed for abuse later.
Just the question my husband and I were discussing yesterday. Here in the UK it's all too easy! Thank you for raising this topic.
It’s not easy in the U.K.
Tide froze the money from a house sale on me , frozen out for four days
Money was from a U.K. solicitor , and you have to jump through hoops with U.K. solicitors
@@markrangers1423Tide is not a licensed bank, they are an e-money provider like PayPal - would you have a house sale routed through PayPal? No, obviously. The money isn't protected in an e-money account, you would lose it all if Tide went out of business.
Not easy to switch banks here in Australia either. All banks are going along the same path. Some senators here are trying to push for community banks in some post offices to keep cash alive, but so far they are not too successful.
@@markrangers1423 Tide is not a bank, it does not have a banking license and deposits are not FSCS protected. A fully licensed bank offers automatic high balance protection for a million pounds for up to six months, it would be reckless in the extreme to send a house payment to a non-regulated entity like Tide. This is why your payment was flagged because it's unusual behaviour to send such a huge payment through an unregulated e-money service provider.
@@markrangers1423 that is because Tide is not a bank.
Thank God I live in Canada, where the government wouldn't dream about just randomly seizing bank accounts.
Oh. Wait........
I notice there are monthly charges for lots of bank accounts.
I would add that these bank account closures are happening in many countries, not only in the US. In a lot of countries banks can close or refuse to open bank accounts simply for being a citizen of a certain country (such as Russia) or not living there permanently
We should keep only debt in those banks ... I doubt that they would close the account 😂
According to the International Bill of Exchange, ALL BANKS ARE Security Exchange Agencies.
Executors and Esquire's have Privilege.
IRS and the Treasury IRS are separate entities.
Buy everything with cash.
They want to eliminate cash
I buy with cash. I also buy gold and silver as banks try to do away with cash.
You can’t make a big purchases with cash due to AML laws.
Thank you.
"That's why they call it the American Dream, because you have to be asleep to believe it."
-George Carlin
Thanks for sharing 😊
It's government regulations that banks must deal with. My brokerage advisor told me that if I have too many overseas transactions, they have reporting they need to do, and there are tax implications that they must deal with.
VPN's help it look like everything you do is happening in the US.😁
Open a couple of accounts overseas as a backup plan.
Great video thank you.
It not only banks that close accounts both Fidelity and Schwab have closed my account because I am A US citizen and a resident of the Philippines.
This happened with my wife and I. With HSBC of all banks !! Will never go back to them the way we were treated. 🤨
Many people opening Nationwide Accounts in the UK now as they are keeping Branches open
WHEN WILL PEOPLE GET IT???? For most routine banking services, CREDIT UNIONS PROVIDE SUPERIOR SERVICE AND MORE ATTRACTIVE RATES-Huge banks like Wells Fargo and B of A have long histories of screwing their customers. It's difficult to understand their continued appeal-perhaps it's the fantasy that somehow the size of huge banks somehow benefits their retail customers, when, in fact, it threatens them.
The only thing about Credit Unions is that their charter does not allow them to transfer funds in and out of the US.
With a big bank it just seems that they are too big to fail if the economy falls apart
Any business you cannot physically visit has no fear of repercussions. Same with politicians.
So it's a privilege... But you can be arrested for having more than 10 grand worth of cash.
Why??
@@delaslight because when you're a criminal organization like the Government, you see everyone else as criminals too ;)
@@delaslight it raises red flags that you might be a drug dealer or something. i think its an excuse to force people into the banking system among other things (ie: control)
Can someone tell me why?
Suddenly that mattress and putting your money under your bed starting and look better
One thing I learned about banks or credit cards is tell them you will be traveling before hand. I’m also a person that doesn’t pay rent so having a P.O. Box as an address is a no no. lol.
The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.
What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?
Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.
I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.
I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks.
Well said Andrew!
I agree
Tried using my US credit cards to make a purchase from my residence country overseas and the US bank rejected the purchase. Pulled out my credit card from my overseas account and there was no problem. Looking to open a couple more accounts with different banks overseas.
All depositors are 'protected' (but we can close your account at anytime). You know? There we go again! Another reason to diversify. And in the end, the banks are giving us the reason to do it. That makes a lot of sense. Because diversifying helps them right?
I took your advice, a few years ago Andrew and I have a few bank accounts which handles my banking infrastructure.
I am glad that you mentioned the personal service side (i.e. they know me and they know my family). I have opened a bank account, in a small regional bank in a rural county, in a town with a population of 500, here in Texas. I felt so comfortable with them, I also have a safe deposit box in that same bank 🗃️
To be upfront and honest, “they treat me the best”.
What I’ve learned is that the bank has its bureaucracy and when it comes to the BIG BANKS, their bureaucracies are process oriented and not results oriented. Regardless of the results of their actions, they still have a job at the end of the day. Just think of them as the “wet nurses” from Atlas Shrugged 😆
I’ve been using my capital one cc in Colombia with no issues so far. 2 years now
I continue to show the quality of my dedication to the banks and the small fringe wealthy minority that they serve with the amount of gold or silver I can hold. In a world where you own nothing and are happy, any form of private property that has no liability will be deemed priceless and unobtainable.
A problem in the UK too
What are people without Millions suppose to do to protect themselves?
Print some !!! seems to work.
You don't need millions, just get you assets moved outside of the US where they are treated best. I've opened accounts between $10 - $100 with no problem.
milions on which paper currency? Remmeber all your digits are only paper or electronic .... except you exchange it to real money.... and go outside of the system. Talk to soviet block survivors .... like Polish or Czechs....
The same future is ahead of western nations thay simple do not realize the danger yet.
make millions
Bitcoin. Self storage
To refer to your ING creditcard. The dutch government threatened the board of directors of ING with PERSONAL CRIMINAL PROSECUTION because of lack of oversight. They became so scared they cancel your account for minor risks. you pose a minor risk :"bye bye"
better lose a customer then be personally criminal prosecuted , the board of directors think. Insane
Ing closed my account for no reason. Was a customer of theirs for almost a decade at that point. Insanity.
Yes, the teeth of a saw is the American hamster-wheel. You get paid (balance increase) then you pay your mortgage, car note, & insurance (balance decrease). ^^^^^^^
thank you, I took your advise and is moving from canada to Dubai thank you for telling us rich people to go somewhere else. I wasn't sure but now what you said is true
rehearsal for a bank run?
I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be the universal currency
I have had mine closed so many times.
the "teeth of a saw" is a reference to a graph of ones bank balance over time
Live in KL is booked out.. i might still go there and Singapore anyway on the way to Thailand..
Commonwealth Bank in Australia froze my accounts for buying Bitcoin.
There terrified of crypto because then no one will need them. They know what's coming there just trying to keep there share as long as they can.
we need consumer protections. we need 'safe' banking.
I love this channel
🥰
Credit Union and Exchange.
CONSIDERING THAT USA / Canada/ Australia/ New Zeleand and some few countries in Europe (but too small not as much opportunities) are the best countries for making money and opportunities would you suggest to keep 1 of those citizenship if you are still on the rise? Or any other option? Im mostly talking as growing money as worker mostly compared to other economies worldwide not business wise because business wise doesn’t really matter I think because everywhere could be good depending what you are doing
Yes. His advice is for people with a lot of money already
Happened to me with n26, 50k frozen, no talk, no access to account disappeared for 8 month, daily mailing etc
I would think teeth of a saw means that approx. the same amount of money comes in and leaves the account every month.
My bank in Greece. Big one. Was very aggressive and wanted to close my account there on the spot if I did not produce my tax returns. I told them it was none of their business. So they said they would stop all transactions. I threatened them with a law suit and was about to walk out, when they said they would give me several more months. To produce a government paper where I lived officially and my tax returns,
i heard there was this one bank that works world wide and they dont care about what you do with your money, my grand son told me about it, i think its called The Beet Coin bank or something, he said they dont have accounts for dollars but they have their own unit of accounting which usually gets more expensive
Your grandson is correct.
You can now also buy etf in beet coin,
All the big bankers are buying it too, must be good.
There was a US governmental white paper a few years ago talking about how to implement cbdc.
A bit of nudging in the correct direction was suggested.
Voila, beet coin is born only months later.
Futures so bright😎
EU citizens have a legal right for a basic bank account
Ha...ha...ha... Of course...or folks might come to imagine building their own banking system...god forbid.
at their place of residence afaik
well, i simple give up that right.... over 2 years ago. I never regret that decision. Why should I?
Although ING are currently trying closing many accounts.
@@ilsevanheerden4976where?
Everyone in North America seems to be freaking out over normal banking activities these days 😊😅
Ignorance is bliss right? 😂
Normal?? How ignorant are you??
Ok undercover banking representative
The taxpayer bailed those guys out. They don't have the right to turn down services
Could say that you will be in a certain place for such and such time.
Remember credit unions are the better option 99 percent of the time.
It must be very frustrating to have your bank account closed! I do recognize though that banks need their own internal financial police force. The reality is that there are a lot fraudsters out there far more than we will ever know. Even for some ordinary person having a simple yard sale they’d definitely keep a sharp eye on their stuff to make sure no one walks off with Uncle Ned’s old golf clubs without paying for them. Remember too that folks that do a lot of entertaining at home often wake up the next morning and notice that valuable things are missing-jewelry, for instance. Basically you can’t trust anyone not even the goodie two shoes of the world.
Balderdash!
@@scosal7100 Yep, that's all this topic deserves! Banks are on to people who are playing fast and loose with money--often people who are not wealthy but are trying to look like they are on paper.
Suitcases of cash are all I want to have! Fire & Waterproofed, of course.
@@wasabiginger6993 …such an approach would likely be a major red flag to law enforcement, customs agents, and of course DHS. Best to have a regular job that pays you every month and not to have too much money. It’s another red flag to be wealthy. Too many people out there that are trying to fake it until they make it and banks just aren’t having it.
@@dolittle6781 ahahaha, not being wealthy is what elite wants to force you to do
US Bank shut down my business account. 😠 But Nigel farage???
BAC transferred all my assets away because they said I was not active, wrong I was using my internet access several times a year, a total scandal
Keep cash on hand , if they wanna close accounts tell them 🖕
Cash is king anywhere in the world !!👍👍🤘🤘
Completly wrong, cash have no traceability @@xcaret-ns3pb
I've never felt comfortable putting my money in a bank.
I do it so I can pay bills.But I would not want to put a large amount of money if I had it
Singapore, what's that ! haha.
Stacking my Sats and XRP 😁
Screw that keep your money in your house. Turn it into golden silver if you have too much
Having a resonant visa is the best thing you could ever have in any country.
"go where you are treated best", isn't that 6 words , not 5 ?
you're is considered one word
Well this is madness
What banks in the Philippines are friendly to non-residents?
buy some crypto in cash, place it at offline wallet ( tresor or other) and prepare your self to reset... you yave 2-24 months ...
I love Mr Romel quote; at war is not matter who is right.... it is mater who is left :-)
It’s not only US banks but also European banks are closing accounts
I just received a letter stating I have to prove my business credit card is valid due to money laundering. I have had this credit card for 20 years.
Special deposit
Nice HERMES towel
Long, long overdue topic.
Diversify & build your community. Banks close/freeze your account if they think you're doing nefarious things and it's highly political. Political donations, exercising 2nd amendment rights, protesting against the government can be flagged. Also, "go where you're treated well" is kinda too passive. How about: "go where you can make yourself thrive"?
If revenue services can't give you cash as a refund than having an account is a right
How to avoid having your accounts shit down? Simple: obey.
What do you think of fintech companies like Wise or Revolut?
Heard a nightmare story bout Wise doing the same thing 🤚
Terrible, as there isn't even a physical branch to get your money out if they decide to cancel you / go bust.
Wise kept me running around, asking multiple times for ID, where I live etc etc.I was able to open an account with Revolut, but for some reason they won't let me transfer money to revolut. I cannot recommend them at all.
the best is to close the account . Your money in the bank are not yours anyway so no point to trust this silly model. In case of liquidity problem all banks will collse.
Did you know that there is a EU directive according to which headquarter fro Holland can drain for egazample Polish own branch in case of liquidity problem.... and Polish account owner has no rights to complain that his own money was trqnsfered to headquarter of his bank.
Police will do nothing because it is EU regulation law....
Can you post a link to this information or tell me where to find it?
@@ilsevanheerden4976 bank Pekao SA is proper name. because of this EU directive Polish Regulator Gov - KNF ( national financial komission regulator) lost the validation or any resitance to stop in case of trying to drain bank accounts by headquarters of any bank having branches in Poland and having the liqidity problems in case of y turmoil. In other words all EU members has the same Banking Directive rules.... keep that in mind. Read the book I give you,pdf is free and you will be shocked reizing level of sophistication of this demonic plan... I bet you will close account by your self after realizing what you are dealing with.... open your eyes.... you wellcome. 🙂
@@ilsevanheerden4976 david Webb search for pdf writen by him.... i attach links and they disapear
Swiss banks are the best in the world 🙏🏻🇨🇭
I will never trust this guys, never.
Swiss banks closed banks accounts of Russians who did not commit anything wromg and were legally residing in Switzerland
Go to Country what is not in common reporting standard and you are ok...
I've heard that foreign banks often will not allow usa citizens to have a bank account because it's such a headache for some type of reporting to the us gov. Anyone have this problem?
I am not American but the reporting is based on FATCA. Google it and learn. 👍🏻
The US does force additional reporting on many foreign banks. My foreign bank had to request some documents/info from the IRS before allowing me to open an account. It was a real headache.
some type of reporting = FATCA and yes, it is a problem
Depends upon the country and the bank. The banks that allow US citizens to open accounts also do not care what the US thinks or wants since it is none of the US's business. Personal experience.
Yes, if you want to open a new account they ask you if you are a US citizen or have accounts in the US and make you sign a document.
I’m not a US citizen so i dont know if the answer was yes what they would do
they are attacking those who aren't being sheep/slaves in the "get a job" world
Self custody soon???
BTC
every one noes it flower till it stinks
Using Federal Reserve notes? Those belong to the Federal Reserve! They can do whatever they want.
What about using Islamic banks.
They are overall the best when it comes to consumer protection. Im thinking about opening a Malaysian bankz
The danger in saying "The banks have too much power" is that someone will respond "Give someone more power to control the banks". Your solution of "go where you are treated best" is the right answer.
Social Score.
yall need to work with beginners, like small businesses
How's Microsoft tech support BTW
😂
@@abdulhai768 what?
Bitcoin
Could making a nomad-focused online-only bank be an interesting idea?
I am wondering...If my country installs mandatory conscription to fight the great ukraine 20 years wars and I look for a more friendly country, will my bank freeze my assets on behalf of the conscription requirement?
Move your money out of that bank to a bank in the country you are residing in, problem solved.
If you get the digital ID, I'm saying yes, otherwise transfer some money outside your home country
Yeah, if you're of age, may be time to go on vacation. ;)
Just be your own bank. Buy gold, assets, crypto, stablecoins, much better than relying on one or a few banks who don't even have all your money
Chase is horrible 😣
De-dollarize yourselves
De-americanize yourselves
De-DIGITALIZE yourselves.
De-GLOBALIZE yourselves
So let’s say what’s one of the best in America one in Europe and one in Asia / Oceania -
trustworthy?
As for Asia, DBS and OSBC they are #1 and #2 also globally. US, JP Morgan Chase but being a US bank, you are better off trusting a rattlesnake. Cannot say regarding the EU or Oceania.
@@Ron-zr6se Europe has so many banks but probably mostly backed up but few main ones, America considering also south?
Land, Food, Gold and Silver bars, grow your own food, raise you own animals, own guns. If possible, own a helicopter and a jet. Have multiple pieces of land all over. LOL there are so many ways to prepare for anything. If the entire world melts down money wont mean jack sh*t.
You are right. When and not If the economic money systems collapse, They will impose martial law.
Watcha gonna do against weaponized drones? They're coming for the masses.
when bit coin is capital I'm the richest parson one earth tulip
So let's CANCEL banking. Earn crypto, borrow crypto, pay taxes in crypto, buy stuff with crypto. Banks have been the privileged middlemen for centuries but technology has obsoleted them.