Bank Account Closures
About Federal Bank Surveillance
Federal law requires banks and other financial institutions to monitor their customers and report anything “suspicious” to federal law enforcement.
All kinds of things can be deemed “suspicious,” including:
- Regular cash deposits or withdrawals
- Activity just under $10,000
- Overseas transactions
- Donations to certain nonprofit organizations
- Transactions at gun shops
- Even shopping at stores like Dick’s Sporting Goods and Cabella’s
How This Affects You
When customers’ activities generate reports, banks may summarily close accounts. Federal law prohibits banks from telling customers they’re under surveillance, so you may never know why your account was closed.
Take Action
The Institute for Justice is considering legal action to challenge this federal surveillance system. The Fourth Amendment protects Americans against unreasonable searches, and that right extends to your financial records.
The Institute for Justice is a nonprofit, public interest law firm that represents clients free of charge. If your bank account was closed without explanation—or if you were blocked from other financial services like Zelle—we want to hear your story.
Share Your Experience
By filling out this form, you can provide us with information about your experience. If we think that you are a possible candidate to include in our litigation, we will reach out to you.
Has Your Bank Closed Your Account? Not Sure Why?
You may be a target of the federal surveillance state. Fill out our form below to stand up for your privacy rights – share your story.
The Institute for Justice is a non-profit law firm and we may be able to help. Please fill out this form if you are interested in talking about your experience with us. As a non-profit organization, our services are always completely free.