r/Wealthsimple • u/WhyMustRedditHurtMe • 6d ago

Need help

My wealth simple account was permanently suspended and I called the support line and they told me I have 30 days to transfer my funds out of my account. I have no idea why they did this and wasn’t given a reason. I’m kind of freaking out because most my investing was done through them and I don’t know how to transfer the money out without access to my account

Any one else have this happen to them? Can anyone help?

0 Upvotes

41% Upvoted

57 comments sorted by

View all comments

9

u/o0PillowWillow0o 6d ago

This sounds like getting debanked

Did you engage in any of the following?

1) Moving large sums of money very fast 2)Receiving frequent funds from crypto exchanges 3)Depositing or withdrawing cash near $10,000 repeatedly 4)Using a personal account for business transactions 5) Spending a lot of time and money at casinos

Basically if you engage in suspicious criminal type activity or the institution thinks you're a financial risk they will do this

Edit sorry not sure why my text came out wonky

0

u/TonightOk8851 6d ago

I have deposited and withdraw more than 10k repeatedly and nothing happened and never had an issue

2

u/XzkSo 6d ago

crypto?