Why Banks are Freezing Accounts. I found one of the answers.
Banks used to lock accounts temporarily for a brief period of time when a user attempted to login too many times unsuccessfully. This timeout was usually temporary and would resolve itself with time. In some cases the user could call in and verify some information to unlock the account, all usually done within 5 minutes. Now, however, some banks and fintechs are pushing this to a new level. Instead of a 5 minute fix some companies such as Chime are locking down the account for 30 days or more for simply entering in the wrong password. Some users have had accounts locked for 90 days or more. One woman in Atlanta had the account locked for 10 months. ...