discussionIndustry Verticals · FinTech & BankingstructuralBillingB2CAPI

Banks refuse to reopen accounts closed from third-party errors and confiscate earned rewards

When a third-party bank causes returned payments through their own error, the receiving bank uses these returned payments as justification to close the customer's account and confiscate accumulated rewards. Even when the third party provides written confirmation of their error, the affected bank refuses account restoration citing pre-existing credit report items. Earned rewards that accumulated over legitimate activity are forfeited with no appeal.

2mentions
1sources
5.05

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