My bank put me on fraud investigation after I reported a glitch to them where they were marking various purchases on my card as credits (i.e. refunds) instead of debits. After initially denying the glitch they realised something was wrong — yet somehow blamed me - the customer who reported the issue to them. They froze all my accounts including unrelated business accounts. After several weeks of investigation, they realised it was an internal glitch… but by that point the fraud team had ruled my account be permanently closed. The most infuriating thing was the disrespect I was shown throughout the whole process. Denial of the issue, sending me to FAQs on how a credit card works, making me wait hours on the phone… then after realising the glitch, assuming I was some reckless kid trying to steal money. I can’t wait until I’m completely off fiat, I’m sick of using banks. Hell, I’m considering a move to the USA just to use @FOLD BITCOIN (pArOdY)

Replies (6)

Agree except for the last part, it’s even worse when they hold your bitcoin hostage (as a former customer of a bitcoin custodian that went bust, though I am lucky I got the little I had on there back)
Speaking from my experience with the FIAT banking system, I'm not surprised. I've positioned myself so i could theoretically move off FIAT completely (It still would be challenging) due to the issues i have had with Scotiabank. I recommend every Bitcoiner to at least think about this themselves.
We closed a bank account and they owed us a credit so we had a negative balance. After a month, we noticed they were charging us interest on the negative balance and money they owed us. I thought I had seen it all.