Can a bank close your account and keep your money?
Under normal circumstances, a bank cannot permanently withhold your funds after closing an account. Banking law requires that any balance remaining in an account must be returned to the account holder. If an account is closed due to a bank's internal policy decision, the bank is generally required to issue you a check for the total balance. There are rare exceptions, such as if your account is subject to a legal freeze, a court order (like a lien or garnishment), or an investigation by federal authorities related to criminal activity. In these specific cases, the bank is legally compelled to follow the directives of the court or regulatory body, which might prevent you from accessing the funds immediately. In all other scenarios, you are the legal owner of those funds, and the bank acts only as a custodian; they are required by law to surrender the assets to you upon account closure.
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