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Thread: Debit Card Point Churning?
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Old May 14, 2010 | 4:38 pm
  #4  
TravelerMSY
Used to be 'Travelergcp'
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The loser in this transaction is not the credit union, it is whoever is accepting credit card payment for cash equivalents. The seller is giving you cash at 100% face value but getting back 97-99% from their credit card processor. Or are you saying the credit union is the one making the sales?

Also, spreading your deposits around is a bad idea. It could give the appearance that you are structuring (a federal crime) your deposits to get around the CTR reporting.
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