The bank blocked the account: what to do?

Blocking of current accounts is a fairly common problem that befalls citizens more and more often. There are two main reasons for blocking accounts: seizure by the bodies of the State Executive Service of Ukraine or private executors, or financial monitoring by the bank.

If everything is more or less clear with the first question, the number of the enforcement proceedings is available, the bank has certain information about the details of the documents with which the seizure was imposed - it is not difficult to establish the truth and determine the course of action.

For now, let's focus on the second question in more detail.

A situation where a bank blocks an account due to suspicion of the origin of funds can arise for various reasons, including suspicion of illegal or questionable financial transactions.

The lawyers of the legal company "Prikhodko & Partners" have developed a number of tips, the observance of which will increase the chances of a positive financial monitoring.

• Seek professional legal help and involve a professional lawyer specializing in solving financial issues in your problem. The participation of such a person will ensure compliance with your rights and prevent mistakes.
• Contact your bank and find out why the account was blocked and what steps you need to take to unblock it. The bank can provide you with more detailed information and instructions on how to proceed.
• If the bank suspects that the funds are of questionable origin, provide an explanation of their origin. This may include documents that prove the source of funds, such as payment orders, contracts, tax returns, etc.
• Cooperate with the bank by providing additional information or documents that they may require as part of the resolution of your case. Remember that you must comply with all legal requirements when communicating with the bank and resolving this situation. Avoid any illegal or manipulative actions to avoid further problems.
• For entrepreneurs on the simplified system, the main advice is to store primary accounting documentation for prompt submission to the bank.
• Follow the rules of financial security: Regardless of how the blocked account situation is resolved, follow the rules of financial security. This includes avoiding cooperation with dubious individuals or companies, keeping passwords and personal information secret, carefully analyzing all financial transactions, and promptly notifying the bank of any suspicious activity.

Effective rules and tips for preparing explanations for the bank have been repeatedly covered by our experts in financial monitoring. However, if the specified information was not enough for you, we are ready to provide you with additional consultation or advice.

The experience of the legal company "Prikhodko & Partners" in passing inspections enables the Client to ensure reliable protection of rights before banking or other financial institutions. Fill out the form on our website and our lawyer will contact you shortly.