I tried to put money into my bank account but it said account closed do to lost prevention. What does that mean?
What does lost prevention mean?
What they said is "loss prevention".
They are trying to prevent losses. They think you will cost them money.
Reply:It means that the bank thought they were going to lose money on your account. If it was a new account they might have done a credit check or you had a check that either you wrote or deposited returned.
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