Originally Posted by
johndeere19
Definitely...I got a call from some branch of their compliance department asking what was going on with all the cash deposits (sounded like a precursor to a SAR) and told them the truth. This seems like it's what got my account canceled, but much better to tell the truth and lose a checking account than get a SAR and have to deal with that.
If you let the deposits sit in the account and then pay your CC bills from that account, you might still have the account open. It is the immediate withdrawals that make the activities look very suspicious, especially this is a brand new account and you have no other history with the bank.
Last edited by Happy; Nov 27, 2010 at 10:34 am