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Danske Bank locks 10,000 customers out of their accounts ... Furthermore, customers claim that Danske wasn’t answering the phone when they heard the news of the bank shut-down and were unable to request a transfer of funds.

Burgess COMMENTARY

Peter Burgess

Danske Bank locks 10,000 customers out of their accounts ... Furthermore, customers claim that Danske wasn’t answering the phone when they heard the news of the bank shut-down and were unable to request a transfer of funds. Article image First HSBC, the NYC-based bank disallows customers from withdrawing ‘large amounts’ without a ‘good reason’ and now Danske bank has confirmed that more than 15,000 current accounts will be terminated within 48 hours. That means that up to 10,000 people might find their funds frozen in a bank account, unable to access them. Even customers who already started the transfer process to try to get their funds to another institution are finding they are ‘locked out.’ The bank blatantly admits that 'Yes, some will be locked out of their accounts.' First the bank said it would be closing the accounts, and then it said that it would allow customers to use ATM and debit cards over the weekend before shutting them out. Starting Monday – the cards would no longer work, and ATM machines would not operate. NationofChange is a 501(c)3 nonprofit funded directly by our readers. Please make a small donation to support our work. Irish Independent newspaper was contacted about this chaotic and brazen use of financial power. Under Central Bank rules, customers are supposed to agree on a date of transfer when banks are closing down or changing their policies, not have it imposed upon them, and certainly not have their money ‘frozen’ and inaccessible. Furthermore, customers claim that Danske wasn’t answering the phone when they heard the news of the bank shut-down, and were unable to request a transfer of funds. Another Danske bank customer said that the original dates which the bank date for transfers from their accounts to new banks were much longer, and Danske later changed them, shortening them considerably. Want more? Enter your email for weekly updates: The Denmark based bank reported profits from core activities in excess of €1.5 billion last year. At the latest inquiry the bank confirmed that it had 15,000 current account customers, but 9,000 people had yet to close their accounts. I wonder where all the money went?