Originally Posted by
LuxurySuite
Yeah I've read that thread. My main primary checking is with BoA, even I have several other checkings elsewhere. It's been more than 10 years my primary with no problems. But since doing MS and reading about BoA closing accounts when doing MS, I am worried. I don't do any MS with BOA, except the 2 deposits from Amazon payments after swiping AGCs.
Do you think it's safer to withdraw to another checking and leave the primary BOA checking alone or just being overcautious? Granted it's more convenient to withdraw to the primary and do everything from there.
IMO, it is safer to be overly cautious rather than be reported to chexsystem where negative records stick for FIVE years. Those who succeeded to have derogatory records deleted said they had to hire the services of a lawyer.
Personally, I don't mix my MS accounts with personal business accounts and I monitor my accounts closely and in the event I made a mistake, I go to the bank asap to settle it. We have different strategies and do what works best for us.