During this pandemic situation most of the banks receive a court order that they will immediately close the accounts in which debtor is owner and also co-owner. Bank also cannot accept your complaints and arguments regarding your account until you cannot open your account again you are not able to use your account.

This is a worst news for banks that they cannot fulfill the demands of customers and as well as never cover up the monthly and quarterly expenses such as food and transportation. Put into consideration long work hours and mistakes to hold your account, but the major problem will be defaulting due to the pandemic induced economical crisis.

In this piece of content you can go through all important points regarding how to open an account to avoid a bank embargo.

State banking legislation

Opening a bank account is a great challenge and especially in the situation of financial trouble. The most important thing that cannot be ignore at any cost is not to ignore creditors, but they cannot reach to this point and never fulfill your debt and we will tell you how to overcome this problem.


Firstly, check the laws regarding judicial liens in your state and if your state allows to open an account throughout an embargo, you can relocate a state first that resist it.

When you open an account through these states you can check first and easily to relocate for better options.

Offshore bank account

The most safe and sound option for creditors is to open an offshore account. According to annual rankings of Global Finance magazine, US banks are on top of the list because offshore accounts are mostly open in Germany or Switzerland.

Banks are legally concerned with court orders because these accounts are not allowed to hide their assets which is illegal according to international law.

Offshore bank account

Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. While there is no such thing as full proof protection, an offshore bank account can help make you a less attractive or evident target.

Also, some courts or lawyers can’t reach beyond the U.S. jurisdiction.

If you ever find yourself in a wrestling match with a frivolous lawsuit, an offshore bank account give you resources you can count on wis-international.com.

Irrevocable trusts

There are two types of trusts such as revocable and irrevocable. An irrevocable trust is an excellent option in protecting your bank account. Separation of the owner’s assets is very important. If a creditor claims that money, it cannot be taken as debtor property. While investing your assets in a Trust you must draw proper parameters very well that is beneficial for creditors.


Almost every Trust allows the Trustee to hire a lawyer to advise and represent the Trustee. Professional Trustees seek legal help because professional Trustees know they need wise decision, sound, legal advice from experienced Trust Lawyers and that helps avoid conflict and minimize the chances of litigation.

Further, it helps reduce the chance that the Trustee will make a mistake causing personal liability.


Exemptions are not a good option in protecting your bank assets. They are alternative means of creating an income despite a bank embargo!

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The following benefits are eligible regardless bank accounts:

1. Social Security and Supplemental Security income

2. Veterans benefits

3. Student loan disbursements

4. Assistance from FEMA (Federal Emergency Management Agency)

5. Federal, civil service, and railroad retirement benefits

If you cannot follow on your exemption you may lose it. Try to consult with some lawyer expert in financial issues. Here, will provide more info and guide you how to improve your assets and how to open an account that no creditor can touch.

Social Security and Supplemental Security income

The Supplemental Security Income (SSI) program pays benefits to disabled adults and children who have limited income and resources. SSI benefits also are payable to people 65 and older without disabilities who meet the financial limits.

People who have worked long enough may also be able to receive Social Security disability or retirement benefits as well as SSI. You only need to apply for them through an Application-gov website to receive the benefits.

Veterans benefits

Your eligibility for most VA benefits is based on discharge from active military service under other than dishonorable conditions.

Active service means full-time service as a member of the Army, Navy, Air Force, Marine Corps, Coast Guard, or as a commissioned officer of the Public Health Service, the Environmental Services Administration or the National Oceanic and Atmospheric Administration.

You may be eligible for certain benefits, such as home loan guarantees, free or low-cost medical care through VA hospitals and medical facilities, counseling, education and others if you meet the time-in-service and other criteria.

Student loan disbursements

Generally, your school or creditor will give you your grant or loan money in at least two payments called disbursements.

In most cases, they must give you your grant or loan money at least once per term (semester, trimester, or quarter). If you’re going to have a work-study job, you’ll be paid at least once a month.

Typically, the school or creditor first applies your grant or loan money toward your tuition, fees, and (if you live on campus) room and board. Any money left over is paid to you directly for other education expenses.

Assistance from FEMA (Federal Emergency Management Agency)

FEMA’s Individuals and Households Program (IHP) provides financial and direct services to eligible individuals and households affected by a disaster, who have uninsured or underinsured necessary expenses and serious needs.

Federal, civil service, and railroad retirement benefits

Any “Public Service Pension” (PSP) payable to you may be monthly payments or a lump-sum payment. A PSP is retirement pay you receive for public service employment. It may be administered by a government agency or a private insurance company.


Due to Covid19 situation, make sure to fulfill all the necessary paper requirements and documents in legal form so nothing is hindered or misinterpreted.

Make sure while opening an account that no creditor can touch your bank account or have it frozen or banned.

Always follow laws and consult some good financial lawyer in case of any discriminatory situation.