Are you looking out for a way to freeze your FirstBank account but can’t find any? Then, this guide will help you freeze your First Bank account with ease.
It is advisable to read till the end of this guide to help grasp every information shared to assist you in freezing your FirstBank account.
Many reasons constitute the reason why your bank will deactivate your account.
Sometimes, it happens unaware, and by the time you realize your bank account stops functioning like it used to be.
Your bank may deactivate your account if they notice illegal activities such as money laundering, terrorist financing, or writing invalid checks in the name of your account.
The creditors you owe can seek judgment against you, and your bank can accept the request to freeze your bank account.
In most cases, the government can also request a freeze of your bank account for many reasons when your activities are costing the nation.
Fortunately, account holders can request a freeze of their bank account for personal reasons.
Your frozen bank account is not a permanent closure of your bank account, and later you can check with your bank to lift the freeze from your account.
Hence, if you are ready for more information on how to deactivate your FirstBank account, let’s proceed with a detailed discussion.
What Is A Frozen Bank Account
When your bank chooses to freeze your bank account for any reason, the bank accounts still function, but they can’t perform as normal as it used to be.
A frozen account can perform many functions, but there are some key functions that the bank stops the bank account from having access to until the freeze is over for the bank account to fully function.
How Do I Freeze My First Bank Account
Freezing of your FirstBank account can only be performed and successful by visiting the nearest branch of FirstBank.
Visit the nearest branch along with a valid ID to prove your identity and request for a freeze of your FirstBank account.
The bank will consider your request, and when approved, your bank account will be frozen until you launch a new petition to unfreeze the account.
Can I Receive/Send Money After Freezing My FirstBank Account
Yes, you can receive money in your frozen FirstBank account, but you can’t transfer money from your frozen account to another account.
The frozen account is active, but some functions like withdrawal and transferring funds from the account are not possible until the freeze has been lifted.
What Happens To My Frozen FirstBank Account
A lot happens to your bank account after it has been frozen, the bank account becomes semi-active, and you can check the account status at any time.
Your frozen FirstBank account can receive funds and paychecks at any time but withdrawing the funds from the account becomes impossible.
Note that any money that reflects in the frozen FirstBank account can’t be transferred to any account.
Finally, that’s the information available at the moment to guide you on how you can freeze your FirstBank account.