This is not what you want to have happen right before you buy a house.
Pete Adeney, who runs the popular personal-finance blog “Mr. Money Mustache” and also uses that as his pen name, tweeted this week that Capital One COF, -0.54% had frozen his bank account, with more than $309,000 of cash in it.
Adeney said he is planning to use that money to purchase a home.
“This is insane to do this to a customer unilaterally — their entire financial life is frozen, entire house deal could be derailed,” he tweeted. “Other people could lose their primary house, cars, incur tax penalties, etc. And you can’t even give me access to a person to unlock it.”
WOW! @CapitalOne Just froze my bank account (and all $309,000 of cash I had collected for an upcoming house purchase), and said I have to call to release it. But then they put me on hold and never answer.
25:08 and counting on my SECOND attempt. Feels like I have been robbed.
— Mr. Money Mustache (@mrmoneymustache) August 13, 2018
