The Economic Times

New Zealand woman opens bank account in US after migration. Banks locks here $40,000 dollar

A New Zealand woman faced a harrowing experience after depositing forty thousand dollars. Her newly opened Chase bank account was locked and subsequently closed by the bank. The bank cited their right to refuse service and stated a cheque would be mailed. Other users suggested new accounts undergo enhanced anti-money laundering reviews. This incident highlights potential challenges for new residents opening U.S. bank accounts.