FlyerTalk Forums - View Single Post - Fidelity Closed my Accounts.
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Old Sep 18, 2014 | 9:46 am
  #5  
ericdabbs
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10 Years on Site
 
Join Date: Dec 2013
Posts: 3,609
Originally Posted by aGeist
Posted this on another forum I'm a member of but just thought I'd let people know.

I was using Fidelity as a hub, linking small credit union/banks to it and then ACH Pulling in funds to BP my American Express. This way, my BP would all come from the same place. I did this for my MO deposits from gift cards, I've been hitting Blue Cash hard.

Unfortunately, Fidelity didn't like that I pulled 40k in, in a short amount of time even though my account had been open for 6 months.

I had to go in-branch submit all my statements for the accounts, two forms of ID.

Finally, I sent them another message and they said they would send the funds to a Bank account of my choice but they will no longer do business with me and are closing my account.

This is irritating because I have a Fidelity Amex and Visa which I can still cashout after I get $250 worth of points but the Fidelity Mastercard doesn't use Worldpoints and gives 2 points per $100 spent with no options other than to deposit into a Fidelity account.

Be careful.
What happened to your cashback "points" on your Fidelity Amex and Visa cards? Were you able to cash those out?
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