What Is an Account Freeze?

Deposit freezing means that the bank restricts the use of the deposit (account). It can be roughly divided into: non-payment and non-payment, only non-payment (only receivable but not payment), and partial freezing (such as partial freezing of 100,000, only deposits exceeding 100,000 can be used).

Deposit freeze

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Deposit freezing means that the bank restricts the use of the deposit (account). It can be roughly divided into: non-payment and non-payment, only non-payment (only receivable but not payment), and partial freezing (such as partial freezing of 100,000, only deposits exceeding 100,000 can be used).

English blocked deposit

The reasons for the freeze are generally that the judicial authorities, taxation, customs, and other state authorities have issued relevant official letters to the bank for processing. There are also reasons for customers to perform some business at the bank, such as guarantees (with agreements signed with the bank).