Monday, 11 August 2025

How I Got Debanked

 It's an amusing story, and I'd rather call it  deinstitutionalized.

For a number of years, I was a member  of stock 'unit' (to buy/sell stock).  It's a big-name unit and I'd rather not say their name.  I'd probably been a member for at least seven years.

One day....as I tried to log in.....it refused to allow me access.  I called the support line. They couldn't figure out why (almost 90 minutes were wasted on this).  I eventually got led to a IT guy, who discovered about 30 seconds into the call....I was on a non-American list (I worked in Germany, for the Air Force, and had a APO-box).  

The IT guy read off the note....there had been some kind of rule handed down (fed  level), that if you met  x-conditions.....even as an American, you were going to be treated as a non-American.  So I was given limited access...told to sell off my stock, and 'leave'.

I spent several hours reviewing options and found a Texas bank dealing with banking and stock.  It took 15 minutes to open an account, and I transferred my situation to them. No problem.

It's been around 12 years since then....I hardly think about  it.  But oddly....once a year, from this institution (the non-American group).....I get an email about my status.  Yeah, I'm still listed there.....still an open account....with around 16-cents left in the account.  For some reason, they goofed-up and left the account open. 

How many folks got screwed this way?  I would imagine out of Germany....probably over 100.  If you were in the military.....you had status.  If you were a civilian  working for the military....you didn't have status (from what I could figure). 

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