Anyone Else Have Banking Issues In Canada? Help?!?!?

I can't believe this...

Finally, after a great month and being able to cashout some pretty nice winnings....my BANK of all things has frozen my account...not for returns or for insufficient funds but for funds being transferred/deposited into my account. Currently they are holding 2 of my "winnings" transfers and have rejected 2 others. The bank manager explained to me that the only payments the bank will accept is a paycheck from my employer and will not condone any other types of electronic payments. The bank is ScotiaBank.

I need to open a new account at another bank ASAP - if knows of a bank in Canada that does accept online deposits and payouts (incl. using eWallet accounts) with min. reservation - PLEASE...let me know..I hope to be able to have payouts that were rejected transferred to the new account as soon as I can.

Help?!?!!?

I use TD Canada Trust.Never had a problem transferring money from or to my account.Spook uses Scotiabank and never had a problem either.
They do have to report to government any transfers over $10,000.

Hi Bower...thanks....

would mind asking spook which ScotiaBank branch? maybe I could just switch branches or something.

the bank manager at my branch from the beginning did not like "eCheck" and their "Misc" that they used to describe their transactions. And then totally freaked when I made a deposit from EcoCard and it's bank is from the Netherlands. I explained to her that they are both legit companies, with eCheck (InstaDebit) residing right here in Toronto, Canada. She told me she had requested their 'International Banking" department to investigate the the wire transfers and companies involved, and only after she has received approval from the department would she "unfreeze" my account but will still continue to reject/block any future transactions from either of them. Furthermore, she could not give me a time frame but warned me it is a long process. Dumbfounded I asked her "So what do I do for cash?"...reply..."If you need $50...I will release $50 to you now and tomorrow if you need more I'll release $50 again." Is this legal?? Seriously I'm so frustrated....

We live in Halifax Nova Scotia.There are several branches here.

OMG, that is horrible! I have never heard of that.

I have never been ?'d about deposits/wires/or cheques from online gaming going into my bank account. ( I am a little worried now lol) I use Caisse Populaire/Desjardins ) and Bank of Montreal and never had any issues with funds being electronically sent to my accounts.

Mind you, I have a lot of small amounts being sent and the biggest being 3K, I cannot imagine the bank being able to freeze available funds in your account.

Hope you can resole this and please let us know how it goes..

Hi,



I use BMO and never have had a problem at all with funds transfers, checks, ewallet etc...The only time they ever held a check was when I first opened my acct and the hold was for 7 days...no big deal..

I really don't think what your bank manager is doing is legit...perhaps she thinks you may be launding money for people over seas...

Let us know how you fair out hun...


Hugs,

sisters

I'm so stressed...I tried playing poker last night or this morning...I couldn't think..and lost miserably....it was like every call, bet or fold was the wrong play...almost every hand played was 2nd best..obviously not good enough.

I have to be careful...and not tilt as with my bank account frozen...what I have in online accounts and Vanilla MasterCards (good thing a bought a few) is basically my only income until the bank has approval to release my funds back to me.

Hi,


Where abouts are you in Canada??


Hugs,

sisters

Brampton (GTA - Greater Toronto Area) - Ontario

Hi,


I'm in Ottawa and Monica is in Embrun (the sticks) about 40 mins from here..


sisters

UPDATE:


The bank has accepted that first payout I won for $5000 into my account; however the account will remain frozen until the International Bank Division of Scotia Bank has completed it's investigation of the wire transfer and the acting parties involved (Jackpot Capital and EcoCard). Once the legitamacy of the companies and how the funds was obtained is proven and deemed acceptable, only then will the freeze be taken off the bank account allowing me access once again. Meanwhile my other two payouts are somewhere in cyber space as the bank has rejected them and the companies have yet to receive the returned payment. So ya.....stress.....

OMG, that is horrible!

Online Gambling is allowed in Canada, why is the bank giving you such a hard time? Honestly. there must be some sort of agency in Canada you can make a report to about the Scotia Bank. ( ie.. better business bureau ) might be able to assist you in finding the right department.

I have dealt with Scotia Bank regarding car loans and reposessions as my last job dealt with these issues.. they are BUGGARS !

I certainly hope Coca, once this is resolved you withdraw all your money and open an account somewhere else!

Here's to hoping it sorts out shortly for ya

Hugs

UPDATE: ScotiaBank has finally released my funds to me. However, they have politely requested I do my banking somewhere else as they are not comfortable with these types of transactions and the way the account will be operating.

Royal Bank of Canada has gladly welcomed me, even explained that my account would be used to receive and fund payments for online gaming casino/poker rooms. The only concern that the manager brought to my attention was that if any amount transferred to the account is equal to or more than $10000 CAD, it will have to be investigated. But other than that, keep the account in good standing.

PHewww..so hopefully I won't anymore problems. Now I just have to make arrangements for my two payouts to finally be transferred to this new account.

Thanks everyone for you support. Your messages both posted and private have helped me to stay focused and positive.

yahoooo coca... that is great news.. I was thinking of your situation the other day and wondering how it was going.

I am glad you are changing banks and it was nice of RBC to explain the conditions prior so you will know if you are ever lucky enough to have that high of a cash out.

WTG, happy shopping/spending enjoy and be good to yourself and your family..

Hi,


I'm soooo glad everything worked out for the best....I'm sure you'll be much happier now..


Hugs,

sisters