Explore commonly used personal finance terms.
An account freeze notification is a formal notice sent by a financial institution or regulatory authority informing an account holder that access to their account has been temporarily restricted. This may occur due to suspicious activity, court orders, or compliance issues. The notification typically explains the reason for the freeze, the expected duration, and any steps required to lift the restriction. Account freezes help prevent fraud, though they can impact cash flow for individuals or businesses, making timely resolution important.
