#TD Bank #business account #slander #fraud #frozen account #business fraud department
Has your business account been frozen by TD Bank? Have you experienced slander and false accusations that have caused you major headaches and stress? You’re not alone. Many business owners have found themselves in similar situations, and it can be incredibly frustrating and damaging to both your business and personal reputation.
Here’s what you can do if you find yourself in a similar situation to the one described above:
1. Understand the Situation
It’s important to gather all the necessary information and paperwork to understand the situation fully. In the case of the individual mentioned above, the freezing of the entire account and the slanderous accusations made by the branch manager were incredibly distressing and unwarranted. It’s crucial to have a clear understanding of why your account has been frozen and what steps you need to take to rectify the situation.
2. Communicate with the Bank
After understanding the situation, it’s essential to communicate with the bank to resolve the issue. Attempt to speak with the branch manager, the business fraud department, or any other relevant parties to get to the bottom of why your account has been frozen and to address any slanderous accusations made against you.
3. Seek Legal Advice
If you believe that you have been wronged by the bank, such as in the case of false accusations of fraud and slanderous behavior, seeking legal advice may be necessary. A lawyer can help you understand your rights, the potential legal claims that can be made in your situation, and can provide guidance on how to navigate through the complexities of the banking system.
4. File a Claim for Slander
In the case of the individual mentioned above, the branch manager’s actions in calling the client and making false accusations before the investigation had even begun could constitute slander. Slander is the oral or spoken defamation of a person’s character, and it can have serious repercussions. Seeking legal advice to file a claim for slander may be a viable option in this situation.
5. Look for Other Possible Claims
Beyond filing a claim for slander, it’s important to explore any other possible claims that can be made in your situation. This may include claims related to the freezing of your account, the impact on your business operations, and any damages incurred as a result of the bank’s actions.
In conclusion, the freezing of a business account, false accusations of fraud, and slanderous behavior by a bank can be incredibly distressing and damaging to a business owner. If you find yourself in a similar situation, it’s important to gather information, communicate with the bank, seek legal advice, and explore possible legal claims that can be made to protect your rights and your business.
Remember, you are not alone, and there are resources and legal avenues available to help you navigate through these challenging situations. If you believe that you have been wronged by your bank, don’t hesitate to seek the necessary support and guidance to address the issue and protect your business and personal reputation.
~~What monetary damages did you suffer as a result of the alleged slander? Did you lose any business?~~
~~If the answer is “no”, then you have nothing to sue for in that respect.~~
Rereading the post, falsely accusing you of committing an offence (fraud) is defamation *per se* and damages are presumed. Disregard this original comment
First, move your money out of TD. All of it. Close your accounts, and move to an unrelated bank.
Second, escalate within TD. This was likely something triggered locally, and the higher ups are not likely to look on it positively.
Since this was a business account, I’m not sure you can complain to the Consumer Financial Protection Bureau, but I would try.
You can also potentially sue for slander, but hiring lawyers is expensive, and siccing regulators on shitty bankers is free.
Are you a broker by any chance? Since the transfer involved (potentially) a series 7 licensed broker (the mutual fund slinging branch manager) you could also consider making a complaint with FINRA.
From a legal perspective, there’s unlikely much to be done here. Your client immediately recognized that the branch manager’s statements were untruthful, so there’s likely little to no damages–it is not worth pursuing unless there was further slander that you can document as causing an actual loss of business.
The bank can monitor for suspicious activity and freeze funds. Never keep all of your eggs in one basket–you need a relationship with multiple banks to ensure business continuity. In this case, only having the funds tied up for a week doesn’t seem like an egregious amount of time. They wasted your time in dealing with it, but that’s not something you can recover here, as you agreed to them being able to place holds on funds when opening the account. I suspect you’ll be moving away from TD now entirely, so just be sure to make new relationships with at least 2 different banks as you move those funds.