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My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advise but a guide to assist you.
So the money belongs to a trust and not you?
Did you hand the documents to the bank when you opened the account?
I have seen 2 other questions very similar. Did you post them saying that the money has come form overseas from shares?
If that is you then the issue is that until the funds are cleared by AUSTRAC to prove they are not from illegal gains the bank has to hold them. Also the bank should have given you details of why they have frozen the accounts and asked you to provide more information.
The account, as you have provided them with the Trust Deed and also the details that you are trustee, should have been opened as a trust account. If the bank did not do that, they should now rectify it. But I cannot see how this would lead to you not having access as it can be rectified simply.
I cannot start proceedings sorry to say.
Are you in Australia or the US?
You are going to have to speak to a Solicitor that practices in Banking Law. It appears to be a complex matter and they will need to see everything including the trust deed the documents that set up the account and details that the bank has provided you when they froze the account.
It may have to go to the Supreme Court for orders and if the bank is found to have acted inappropriately then they to pay you losses and costs.
Is the account opened in Sydney?
You can search the law society website
Where is says Accredited Specialists select Commercial
the area put in sydney.
The link as as follows
It will give you the names of Solicitors that practice in that area and are accredited specialists
You can then email them directly
All the best
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