Originally Posted by
michael_v
I think they are interested more in not dealing with money launders than us keeping money in. And I don't think they can distinguish between money laundering and MS.
I have noticed here money 'laundering' excuse often stated
U need actual 'Money' use to do money laundering. Credit card usage is not money. but 'credit' use.
Originally Posted by
pier11
All that Bancorp held prepaid accounts.
Bancorp is not such large/respected institution to afford Amex-style 5k/mo cash allowances.
Bancorp is the largest in prepaid/gift card business
Try to understand them. They can't be or at least seen as ML center.
$.02
If they refuse to accept 'cash, Money' Money laundering is not possible without money! It is not difficult, Accept credit cards only. 'Credit' is not money but money equivalent.(imho)