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A court must approve and order any withdrawal of funds from a blocked account. The most common reason to petition a court to withdraw funds from a blocked account is to access a blocked account because the account was created for a minor who has subsequently turned 18.
Blocked accounts restrict account owners from unlimited and unrestricted use of their funds in that account. Accounts may be blocked or limited for a variety of reasons, including internal bank policies, external regulations, or via a court order or legal decision.
A court must approve and order any withdrawal of funds from a blocked account. The most common reason to petition a court to withdraw funds from a blocked account is to access a blocked account because the account was created for a minor who has subsequently turned 18.
If an account is blocked then access is denied and you will not be able to access the money until the block is released. You could open another account at a different bank, but you will not be able to transfer any money into from the blocked account.
Your bank account can be frozen if a creditor or debt collector has a court judgment against you. It can also be frozen if the bank suspects unauthorized, irregular, or unlawful activities, such as those involved with money laundering, identity theft, counterfeit or stolen checks, or other financial crimes.
A depository institution that enters into a DACA is incurring significant obligations to both the secured party and its depositor customer. Failure by a depository institution to fulfill its obligations can diminish the value of the lender's deposit account collateral.
A ?blocked? control agreement provides that the borrower will have no access to the funds in the deposit account(s) and that the lender will have complete control over the funds.
You have entered Belgium with a student visa type D. You will (re-)apply for a residence permit: for 1 semester (Nov-Feb) or 1 academic year. You 're almost graduating and will apply for an orientation/search year. For an orientation year it is compulsory to apply for a blocked account for one year/12 months.