Toronto man's credit card frozen after paying off balance

canada-man

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A Toronto man, who’s traveling abroad, reached out to Speakers Corner after his credit card was frozen. It happened shortly after he paid his entire balance. Pat Taney reports.
 
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canada-man

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for 20 years Scotiabank keep taking my money from my account labeled "debit memo" every time i call or visit Scotiabank they refuse to tell me where my money is going using privacy rules as an excuse. they keep saying it is a joint account when it is not. i had to close that account and start a new one for them stop this debit memo theft
 

whitmore

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for 20 years Scotiabank keep taking my money from my account labeled "debit memo" every time i call or visit Scotiabank they refuse to tell me where my money is going using privacy rules as an excuse. they keep saying it is a joint account when it is not. i had to close that account and start a new one for them stop this debit memo theft
Why did you suffer with the situation for 20 years?

I would have closed my account when the problem started and went to another bank.
 
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canada-man

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Why did you suffer with the situation for 20 years?

I would have closed my account went the problem started and went to another bank.

It stopped and started again after the covid lockdowns
 
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Expect more goofy and "oops, sorry, not sorry, not our fault" type shit to happen when it comes to banking.
I guess once the drama teacher authorized their illegal over reach they realized they can do what ever they want with impunity. Worst part? Unless you can get the news channel involved and give them bad publicity it's just like what they told him. 'tough luck'. 'It's my money, and I WANT IT NOW!' 🤬
 
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OpXXX

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The guy really is taking a huge risk being out of country with only 1 CC. What if he loses it? How quickly does a bank get you a new card when you're out of the country?
 
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He should max out the credit card, then default on it.

Teach them a lesson on who not to play with.
That would be the best approach if he didn't have to worry about his credit rating. It's pretty fucking disgusting what banks can get away with these days. You trust them with your money because their supposed to be reputable but that's deteriorating rapidly.(n)
 
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chrispalen

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I guess once the drama teacher authorized their illegal over reach they realized they can do what ever they want with impunity. Worst part? Unless you can get the news channel involved and give them bad publicity it's just like what they told him. 'tough luck'. 'It's my money, and I WANT IT NOW!' 🤬
Call Pat Foran CTV Consumers Alert.

CP
 
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chrispalen

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If I was in that situation I would definitely give that a try but realistically what do you think is the ratio of people that call vs the number of people that actually get help?
As far as I know, he always follows up and helps to call the bank to resolve the issue and most of the time, he made a presentation of the case on TV particularly when he
gets things resolved. Even not resolved, he will air the result and in most cases the banks cave in.

I definitely will call him when I have an issue.

CP
 
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As far as I know, he always follows up and helps to call the bank to resolve the issue and most of the time, he made a presentation of the case on TV particularly when he
gets things resolved. Even not resolved, he will air the result and in most cases the banks cave in.

I definitely will call him when I have an issue.

CP
With the amount of nonsense that goes on I don't see how he would have the ability to follow up on every call but it sure would be helpful if that was the case.
 

Phil C. McNasty

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I hate to say it but owning a credit card is not a right, its a privilege.
The credit card companies are under no obligation to keep your card active if they don't want to.

I'm not saying thats fair, or that its right, but thats the way it is.
This is why I always travel with 3 credit cards, and lots of cash
 
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OpXXX

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Call Pat Foran CTV Consumers Alert.

CP
Most often than not whenever I watch the Foran reports it seems to highlight how stupid some people can be.

There was a lady who dumped $1.7M into an investment product that she saw on Instagram of all places. Just blindly give $1.7M to someone you don't know, have zero info on.

The other waa the lady that took a LOC out to become a "high risk lender".... SMH.
 
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OpXXX

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I hate to say it but owning a credit card is not a right, its a privilege.
The credit card companies are under no obligation to keep your card active if they don't want to.

I'm not saying thats fair, or that its right, but thats the way it is.
This is why I always travel with 3 credit cards, and lots of cash
Just like software licensing, I wonder how many people actually read the entire TOS/contract when signing a CC agreement. I remember when working in Enterprise IT, many years ago, there was a photo editing software that a user wanted. They had a free version even for commercial use. It was not open source. When we reviewed the license agreement there was one single line buried half way down the page stating something like "any images processed with this software become property of said company" or some legal jargon.
 
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