I am with MM. Yes, Bancorp can close our accounts whenever they want, even if we follow their own T&C. My problem is that their CSR are incompetent, and lie about the timeline of getting your funds back. If you say 14 days, then guess what, it is 14 days. Not 2 months. And they get away with all this BS. No one can defend these business practices.

I also don't agree that what we do is in "bad faith". They have a product that allows bill pay. We use their product, and pay the fees. If they lose money on that transaction, that is their problem. They make the rules, make the fee schedule. There's a lot of easy ways to "fix" the fee schedule on their favor, and deter MS types.

It seems like they just want to have customers who fit the "broke" demographic. They want to milk those customers. Besides, we are not making money off of Bancorp per se. At least not on the prepaid debit cards like Walgreens, T-Mobile, etc. Those are liquidation tools, and it cost money to liquidate our GCs. We make money off credit cards providers. Bankcorp is making money ($5 a pop, plus transaction fees) out of our MS activities. They should be glad.