Originally Posted by
johndeere19
The majority were $1k or $2k deposits except for one branch where I had a good relationship with the manager. I think the cycling was the big issue here...lesson learned.
Considered yourself lucky that Chase only closed your account instead of filing an SAR on you. The account being
brand new, with lots of cash deposits/ immediate withdrawal activities, has all the look of money laundering in the eyes of the bank compliance dept. Chase probably does not want the trouble to file SAR so simply close your account.