How to unfreeze bank account in Nigeria?
Read all about how to unfreeze bank account in Nigeria.
When a bank account is frozen, you will not be able to access your bank account, i.e. withdrawals, transfers will be impossible. You will basically have no access to your money.
There are a few reasons that can cause your bank account to be frozen, but you should know that, no bank has the right to freeze your account without a valid probable cause.
If your bank account has been frozen, you might need to continue reading in order to get the information on how to unfreeze your bank account.
In this post, I am going to be writing about how to unfreeze bank account in Nigeria and more. Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
Read my post on how to close a bank account in Nigeria
Why was my bank account frozen?
There are a few reasons that can cause a bank to freeze your bank account, they are as follows:
If your bank account was involved in any type of fraudulent transaction, then it is within the authority of said bank to freeze your account and prevent you from accessing the money in it.
The government can also request for your bank account to be frozen due to unpaid levy & taxes.
Order of court
The bank is also obligated to freeze your bank account if there is a court order for it to be frozen. This order can be from an organization like EFCC.
The bank can also freeze your account if you have debts with them, which you have not cleared. For example, if you take a loan from the bank and have not paid it back after the agreed duration.
How to unfreeze my bank account?
There are a few things you will need to know about how to unfreeze your bank account.
Visit the bank
You may need to visit the nearest bank branch and seek for an explanation why your account was blocked, and request for it to be unblocked.
If it is a minor issue, you will be required to provide some certain documents/requirements and your bank account will be unblocked.
If it was blocked as a result of a fraudulent transaction, all you have to do is provide proof that it wasn’t one and your account will be unfrozen.
Contact the bank customer care
You can also contact the bank customer care in seek an explanation for why your bank account was frozen and if it is a minor issue, you can get it resolved by providing the required documents, so your account can be unfrozen.
Get a Lawyer
If your bank account was frozen as a result of a court order, then you will need to get a good lawyer, so the court can vacate the order.
You can sue for damages, if your bank account was wrongly frozen i.e. if you will be able to prove that it was wrongly so.
Clear your debts
If your bank account was frozen because of unpaid debts/loans, then you will need to pay them, so your bank account can be unfrozen.
I hope that with the above, I have been able to help you on how to unfreeze your bank account in Nigeria. If you require further help or you have a question, then you can leave us a comment below or visit our contact us page and shoot us an email.
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