Can my bank refuse to allow me to open a bank account? October 12, 2012 10:11 pm Published by admin No, under the Act a bank cannot refuse to allow you to open an account merely because you are bankruptcy or have filed a proposal. However, they can put restrictions on your account (such as hold back on cheques deposited) as they see fit. Be aware that Credit Unions are not banks and can refuse to let you become a member and thus not offer you services such as opening an account. Recent Posts Bankruptcy Discharge Handbook The Great Deferral – Effects of Covid-19 on Personal and Business Bankruptcy Covid19 – Debt Crisis – Help Available. Covid19 Pending Debt Crisis: Don’t Panic – But Use the Down Time Wisely. Personal Budgets in 2020