When I was a child, I would give my parents all the money I got as gifts or from work because they had created a joint account with CitiBank with me and my father for safe keeping. When I turned 17, I got my first "real" job and opened a joint account with my mother with Wells Fargo where I dumped all my wages into for the duration of the job (June?-August). My parents insisted on having a joint account to ensure they could watch over my (nonexistent) spending habits. At some time during the fall of the same year, I ended up closing the account after hearing a lot of suboptimal news regarding Wells Fargo and numerous data breaches and whatnot and I figured that Wells Fargo was generally untrustworthy to stay with. I took all the money from that account and decided to open a Bank of America account since at the college I was planning on going to happened to have numerous locations in the general area. Again at the insistence of my parents, I opened a joint account with my father with Bank of America and deposited all the money that was previously in the Wells Fargo account.
Not even 4 days later, I got a letter from BOA saying that my account was going to be permanently closed and I would no longer be allowed to bank with them. I went to one of the BOA locations and they confirmed what was in the letter but were unable to provide me with the reason why, citing that BOA had the right to close any account for any reason. Since I needed a bank to hold onto my money and I didn't want what happened with BOA to happen to me again and severely limit my access to my money, I opened an account with PNC and Chase since they also had locations somewhat near my college, this time without my parents having access to it. With the money in the CitiBank that had the money collected since my birth, my father withdrew all of it, gave it to me, and closed the account. I wanted to limit as much of my financials from my parents who I suspect are at least partially responsible for why my account was closed.
When I went to Chase, I learned that I was unable to open an account with them, citing that I had a joint account with one of my parents with them in 2001 or 2002 when I was an infant. This account was closed and I was essentially blacklisted from ever banking with them again. Despite that, I talked to one of the employees at the bank at the branch I was at and she was somehow able to open a student account for me. Everything went fine up until recently where some person from China started withdrawing money from my Chase account via PayPal. Obviously, I called the fraud department and reported that. They placed a temporary hold on my account only for them to change their mind a few days later and completely close my account without warning, giving me a few days to withdraw whatever money that wasn't stolen. After closing my account, they refused to give me back the money that was stolen from me.
I have no idea what is going on and I'm scared that slowly more and more banks will just close my accounts that I have with them. If anyone has any idea as to what might be the reason, please let me know because I'm about to lose it from the stress.
Edit: I am financially dependent on my parents. They help with partially paying for college and I currently am living at home to minimize the cost of college. I theoretically have enough money saved up to maybe be able to do a single year of college by myself if I really stretch my money, but afterwards I would be flat broke
Submitted August 08, 2019 at 11:17PM by krone47 https://ift.tt/2ZNjCeC
