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My Experience with a BANK – Excessive Interference on My Own Money Hi Fellow Seniors,
I need to share a recent experience with a local bank that left me shocked.
I have an Islamic Fund account in the UAE and have been making regular transfers from my bank account. These were always legitimate, and in the past, I confirmed that with the banks fraud team.
But recently, when I tried sending another transfer (well within my limit), I was stopped again. After long waits, repeated calls, and even being asked intrusive questions like how I know the fund, its investors, and how I’d get my money back , etc ... the bank decided not to release my transfer.
To make matters worse, my account was suddenly blocked.
I understand the need for fraud prevention, but this feels like overreach and disruption. I’ve already made successful transfers to this fund. Why stop me now? Why block my account?
Banks are supposed to protect us, not control or obstruct us from using our own money.
Have you faced similar issues with banks? Where do we draw the line between security and outright interference?
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