Chapter 1 What is a frozen card?
If the bank card is frozen, our bank card cannot be used normally, any transaction cannot be performed and the funds are temporarily frozen. There are usually three situations, one is overdue bank loans; the other is general civil litigation; the third is economic and other illegal and criminal cases. In addition, if the bank suspects that the user has abnormal behavior such as cashing out, the bank card will be frozen in order to avoid losses.
In cryptocurrency transactions, users will freeze their cards in very special cases after transactions. So how should we prevent freezing card? What should I do if I encounter a freezing card situation?
Chapter 2 How to effectively avoid illegal funds? Prevention card?
In order to effectively avoid the inflow of illegal funds into the platform and cause losses to users, the platform is obliged to take corresponding measures to reduce and try to avoid the inflow of illegal funds into the platform, so as to ensure that users can conduct transactions safely in the fiat currency trading area. At the same time, please be sure to read carefully and abide by the following rules to resist together:
During legal currency transactions, transfers from non-personal accounts are not accepted. If you receive transfers from non-personal accounts, please be sure to return them through the original route.
If you receive a transfer with a note of sensitive words, you can filter the funds or return it to the original route, and note "wrong type" when returning, so as to avoid the risk of being risked or frozen as much as possible.
Pay and receive cards separately. Don't use one card to complete the payment. You need to separate the payment card from the payment card. You can use multiple personal cards for payment. The risk of freezing the payment card is the greatest, so you need to filter the funds after receiving them and then transfer them. Enter a more secure bank card. (Note: The receiving card must be a bank card bound to the platform).
Remember not to put too much money into commonly used payment cards for a long time. After using the payment card for a period of time, you can filter the funds and then deactivate the card for a period of time. This is to avoid large amounts of funds being stolen if infected by illegal funds. freeze.
When using a deactivated card or a bank card that has not been used for a long time to conduct a transaction again, it is necessary to check whether the payment can be received normally, so as to avoid the transaction being frozen after the funds are received and the funds cannot be used normally.
Chapter 3 How to do a good job of fund filtering
1. After the bank card receives the funds, the funds can be transferred to the balance of Alipay or the large account of wealth management products such as Yulibao, and then the funds will be filtered and transferred to a safe bank card.
2. After the bank card receives funds, the funds can be transferred to some relatively safe financial management platforms, and then by purchasing current or short-term financial products, the funds can be withdrawn to another safe bank card after maturity.
3. After the bank card receives the funds, the funds can be withdrawn and then deposited into a safe bank card. (This method is for small transaction users)
Chapter 4 Handling after the bank card is frozen
Bank card freezes are mainly divided into two categories: bank freezes and judicial freezes. After being frozen, you need to contact the opening bank or bank to obtain the following information: freezing period, freezing method (bank freezing/judicial freezing), freezing authority.
1. Bank freeze
Reason for freezing:
1) Some countries and regions do not support digital asset transactions. When a user uses a bank account to participate in digital asset transactions or if the account involves digital asset transactions, the bank will freeze or suspend some transaction permissions, (for example, because BTC is noted in the transfer , ETH, USDT, etc., causing the bank's risk control system to monitor).
2) Abnormal behavior in the account triggers the bank's anti-money laundering system, and the bank account may be frozen, (such as late night large-value transfers, frequent transactions with multiple people, bank cards without balance for a long time, virtual currency notes during transactions, etc. vocabulary, etc.).
The reasons for the above freezes are mostly because abnormal transactions trigger the bank's risk control system (anti-money laundering system), and the general bank card display status is "suspended account non-counter business", "only receive but not pay", etc.
If you are frozen due to the above reasons, you can go to the bank counter to provide relevant certificates (relevant identity information certificates, fund source certificates, etc.) as required by the bank, and the freeze will generally be unfrozen after the bank verifies.
1) When trading with the seller, remind the other party not to note sensitive words such as USDT and BTC.
2) Do not only apply to one bank card, use different bank cards for payment and receipt, and do a good job of fund filtering.
2. Judicial freeze
Reason for freezing:
Judicial freezing means that after the victim is defrauded, he reports the case to the police, and the police freezes all the bank accounts on the relevant fund line according to the bank account number that the victim's money has passed through.
Temporary freezing by the police: 36~72 hours, if the bank card does not directly receive black money (suspected of organizing and leading pyramid schemes, suspected of illegal fundraising, telecom fraud), wait patiently, and it will be automatically unfrozen when it expires.
Long-term freezing by the police: The police submits to the people's court to freeze the case for half a year to one year, and the freezing period can be extended until the case is closed or withdrawn.
Necessary materials: ID card, recent transaction certificate, bank statement (official seal);
Auxiliary materials: Proof of source of income (non-currency speculation, source of investment income), proof of work.
Case process: report to the police station and collect evidence; submit to the anti-fraud center, which will freeze the bank card account; transfer the case to criminal investigation or economic investigation.
Unfreezing process: Cooperate with the local public security bureau to make transcripts, and after submitting relevant materials, the freeze will usually be unfrozen in about a week. (Public security bureaus in different regions have different regulations. Some of them can unfreeze or unfreeze some assets after submitting materials, and some can only unfreeze after closing the case. If there are more frozen funds, you can apply to the case handling agency to freeze only the funds involved in the case.)
Unfreezing operation: Because some cases may involve victims in multiple regions, there is a risk that the bank card will be frozen by the police in many places. Therefore, after the bank card is unfrozen, please transfer the funds as soon as possible to avoid being frozen again .
Judicial freezing, please actively cooperate with the case handling personnel to deal with it.
Evidence collection method
Proof information: Generally, it is a description of the source of funds, transaction details, user information, etc. If you need details of fiat currency transactions on the platform, please contact customer service to obtain;
If you need to obtain evidence information or transfer funds through firstname.lastname@example.org, you must provide a judicial certificate or court judgment from the local judicial authority and contact us directly. The judicial contact email is email@example.com.
1. Fund filtering
Recommendation: Separate the receiving and payment cards. After the receiving card receives the money, recharge it to Alipay (if the amount is large, you can choose to recharge in large amounts) and then transfer it to Yulibao (you can apply for Yulibao on the merchant code application page), and transfer out from Yulibao to the payment card ( Currently only applicable to funds within 1.15 million).
Reference: After the payment card receives the money, transfer it to Lufax and other wealth management platforms to purchase current wealth management products. Unbind the bank card, re-bind the new bank card, and withdraw cash to the new bank card to complete the filtering. (This method has a long time to arrive at the account and the risk of the platform running away.)
2. Other measures
Do not have too much balance on a single bank card.
The payer is required to pay in real name (the platform real name is the same as the bank card payment name).
Received non-real-name payment, return it to the original route with a note: wrong payment.