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Saving Advice
Lifestyle
Amanda Blankenship

FOUND: Your bank account is suddenly locked what happens to your automatic payments - What They Never Told You

bank account locked
A locked bank account can interrupt automatic mortgage, utility, insurance, and credit card payments. Contacting your bank and billers quickly may help prevent late fees, coverage lapses, and other financial consequences. Tima Miroshnichenko/Pexels

Imagine waking up to discover your checking account has been frozen, just two days before your mortgage payment is due. You have enough money in the account, but your debit card isn’t working, your online transfer fails, and the bank says it needs additional time to review suspicious activity.

Now you’re wondering whether your mortgage, electric bill, insurance premiums, and other automatic payments will still go through.

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