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 Putting Yourself in Debt by Saving for a Down Payment in Victoria Free Yourself from Financial Debts. Canadian Consumer Debt: at an All-Time High Canadian Insolvencies Have Hit a 20-year Low Bankruptcy Discharge Handbook