Quote:
Originally Posted by pylon
I would absolutely love to test that in a court of law.
The bank refusing to give me my funds because I won't tell them what I am using it for. I guarantee you I never signed off on this, because I opened the bank account at 17 years old in 1991 and have never signed anything other than a couple separate loan agreements with them over the years. And I have withdrawn amounts way over 10k cash in the past without any resistance. This is something from the last 5 years or so.
I am pretty sure the bank would be f'd, but then again we have a government that legally seized the bank accounts of a bunch of idiots honking truck horns. Idiots, yes... but idiots and criminals still have the right to their money.
|
I doubt it. Have a read through Scotiabanks policy procedure
https://www.scotiabank.com/ca/en/abo...agreement.html
There is a protocol for withdrawing the consent for the use and collection of your information. So you can refuse to participate and then they can choose to close all your accounts and no longer do business with you. You still get your 8k but you might have to find a new bank.
They also lost all the different ways they update and you accept the changes in collection of personal information.
I’d also wager that your original agreement has something giving them the right to collect personal information to conduct business.
Any way I agree with you that it’s annoying but none of your rights were being violated in any way